Acquisition OfferZalando offered to buy About You for €6.5 per share in cash, providing a good outcome for About You shareholders.
Growth OpportunitiesAccording to About You, this transaction presents substantial value-creation opportunities in various domains, including B2B, logistics, payments, and commercial collaboration.
Shareholder AgreementKey shareholders of About You, including Otto Group, the Otto Family, Heartland, and the About You management, have entered into binding agreements to sell their shares, which collectively represent c.73% of the company's share capital, to Zalando.