EQT Takes Upper Hand in Bidding War With H&F For Zooplus
- Zooplus management said it welcomes takeover bid by EQT
- Swedish private equity firm tops offer by Hellman & Friedman
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Swedish private equity firm EQT AB offered to acquire German online pet-food retailer Zooplus AG for 470 euros a share, topping an offer by Hellman & Friedman.
Zooplus welcomed the bid, giving EQT the upper hand in the takeover fight with H&F. EQT’s proposal, made through a holding company called Pet Bidco GmbH, valued Zooplus at 3.36 billion euros ($3.94 billion) and was 10 euros-a-share higher than H&F’s last offer. The EQT bid was also 0.9% higher than Friday’s closing price.