The two financial investors EQT and Hellman & Friedman want to take the online pet supplies retailer Zooplus off the stock exchange.
The remaining shareholders will be offered a cash consideration of 480 euros per Zooplus share, the two bidders announced on Monday in London and Munich.
After the first acceptance period has expired, both financial investors hold around 82 percent of the total Zooplus share capital.
The additional two-week acceptance period required by law for the increased offer will begin on November 9, 2021 and end at midnight on November 22, 2021.
The investors had increased their bid on October 25th by 10 euros to 480 euros.
Takeover battle for Zooplus
EQT and Hellman & Friedman (H&F) had fought each other for Zooplus for a long time and repeatedly outbid each other - to end that, they finally got together.
Zooplus, which, according to its own statements, has a valuation of around 3.7 billion euros, supported the joint bid.
The first offer from H&F in August was 390 euros, which was already well above the price previously paid on the stock exchange.