Reported about 7 hours ago
Zalando, the German online fashion leader, has successfully acquired over 90% of About You's shares in a public takeover bid, originally offered at €1.2 billion. With the deadline for share acceptance expiring on March 6, 2025, Zalando intends to carry out a squeeze-out of the remaining minority shareholders, providing fair cash compensation to be determined later, pending regulatory approval. This move solidifies Zalando's position in the market and furthers its goal of fully integrating About You into its operations.
Source: YAHOO