BERLIN (Reuters) – The private equity houses seeking to take over Scout24 said on Tuesday they had built up a 9.69 percent stake in the company as the clock ticked down on their tender offer to buy the Germany-based car and property classifieds group.
Hellman & Friedman and Blackstone must win majority support by May 9 for their offer to prevail. They have offered 46 euros per share, valuing Scout24 at 5.7 billion euros ($6.38 billion) including debt.
Reporting by Joern Poltz, writing by Riham Alkousaa, editing by Thomas Escritt
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