Zalando Launches Public Tender Offer for Rival About You
Berlin-based e-commerce giant Zalando has commenced a public tender offer for its rival About You, following regulatory approval from BaFin.
Key Details:
* The acceptance period runs from today until February 17th.
* The takeover offer is not subject to a minimum acceptance threshold.
* Zalando is offering €6.50 ($6.71) per share in cash for About You.
Zalando announced the deal in December, marking its latest move to consolidate the German e-commerce market. The company aims to strengthen its position in the fashion and lifestyle segment through the acquisition.