Zalando SE (“Zalando”) introduced that the European Fee granted merger management clearance for the voluntary public takeover provide to the shareholders of ABOUT YOU Holding SE (“ABOUT YOU”) and additional share buy agreements, thus fulfilling all closing circumstances for the transaction. The takeover provide is deliberate to be settled on 11 July 2025.
By means of the settlement, shareholders who accepted the provide will obtain the provide value of EUR 6.50 per tendered ABOUT YOU share. With an acceptance ratio of 20.56% and bearing in mind additional share buy agreements entered into within the context of the takeover provide and additional market purchases, Zalando has secured greater than 90% of ABOUT YOU’s share capital (excluding treasury shares).
Zalando has acquired EU approval for its voluntary public takeover of About You, with settlement set for July 11, 2025.
Shareholders who accepted the provide will obtain €6.50 (~$7.65) per share.
With a 20.56 per cent acceptance ratio and additional share purchases, Zalando now holds over 90 per cent of About You and plans a squeeze-out through merger to amass remaining shares.
Zalando nonetheless has the agency intention as a subsequent step to hold out a squeeze-out of the remaining minority shareholders of ABOUT YOU and to amass the remaining ABOUT YOU shares towards satisfactory money compensation. The squeeze-out shall happen as a part of a merger of ABOUT YOU into an entirely owned subsidiary of Zalando.
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