At Home Group Inc. is going private.
The fast-growing value home-décor retailer has agreed to be acquired by private-equity firm Hellman & Friedman in an all-cash transaction valued at $2.8 billion, including the assumption of debt. Under the terms of the deal, At Home stockholders will get $36.00 per share in cash, a premium of about 17% to the May 4 closing stock price of $30.67 on May 4, which was the last trading day before media speculation of the deal.
“As we enter the next chapter for our company, H&F is the ideal partner to advance our At Home 2.0 long term strategy,” said At Home chairman and CEO Lee Bird.” Together with H&F, we will have the resources and flexibility to provide our customers with a differentiated experience that meets their evolving needs.”
Source: Chain Storeage
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