Shareholders in Anchor as Pet Shop Buoys Bidding War for Zooplus Nears

Hellman & Friedman have raised their offer for the German online pet shop chain Zooplus AG (XETRA: ZO1.DE) to $544 per share, valuing it at $3.9 billion. Shareholders have until 12 October to accept the offer. This offer has also been approved by German financial regulator BaFin.

Earlier in August, Zooplus's board agreed to a takeover offer by U.S. private equity firm Hellman & Friedman. They all valued Zooplus at $3.5 billion. The cash consideration of $462 per share represented a premium of 40% to the company's closing price.

Sweden-based investment firm EQT Partners (Stockholm: EQT.ST) also expressed interest in taking over the German pet shop chain. New York-based investment firm Kohlberg Kravis Roberts (NYSE: KKR) is in takeover talks with Zooplus. KKR has been the thi...

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