🛒 Big Premium Offer
Zalando has launched a $7.10 per share takeover offer for ABOUT YOU, approved by BaFin. This offer represents a 107% premium on ABOUT YOU's 3-month average price as of December 2024. Shareholders can tender their shares until February 17, 2025. Regulatory approval is pending, and the transaction should close by summer 2025.
🤝 Majority Secured
Zalando has already secured nearly 80% of ABOUT YOU shares. The Otto Group, HEARTLAND, and ABOUT YOU's founders agreed to tender their shares. This strategic move will create synergies in the European e-commerce sector. Both brands aim to redefine fashion shopping, leveraging their strong positions to offer complementary services.
📈 Strategic Value
Robert Gentz, Zalando's co-CEO, emphasized growth: "This deal lets us offer tailored B2C experiences and advanced B2B solutions with SCAYLE and Tradebyte." Tarek Müller, co-CEO of ABOUT YOU, echoed this sentiment. He highlighted how this merger creates unique B2C and B2B units to cater to customer needs while boosting logistics and software services.
💡 What’s Next?
The offer doesn’t include a minimum acceptance threshold, making it accessible for all shareholders. ABOUT YOU's board supports the deal, advising shareholders to act before February 17. While Zalando's share price dipped, ABOUT YOU saw growth. Together, the companies plan to dominate European e-commerce, fueled by strong Q4 numbers from both.
Will Zalando and ABOUT YOU dominate Europe’s e-commerce market?
