Date:	--/--/-- --:--:--
Event Id:	E5CZT3QX1
Action Type:	ACQUISITION
Action Status:	ANNOUNCED
Acquirer Symbol:
Target Symbol:	YOU.DE
Updated:	--/--/-- --:--:--
Purchase Price Per Share:	6.5
Price Per Share Currency:	EUR
News References:	https://www.accessnewswire.com/newsroom/en/consumer-and-retail-products/zalando-launches-public-tender-offer-for-about-you-970867

Action Notes

Zalando SE (the "Bidder" or "Zalando") today published the offer document for its voluntary public takeover offer (the "Takeover Offer") for the shares of ABOUT YOU Holding SE ("ABOUT YOU") following the approval by the German Federal Financial Supervisory Authority ("BaFin"). Beginning today, ABOUT YOU shareholders can accept the Takeover Offer and tender their ABOUT YOU shares at a price of EUR 6.50 per share in cash, which represents a premium of 12% to the median analyst target price of 5.80 euros and a premium of 107% to ABOUT YOU's 3-month volume-weighted average share price on 10 December 2024, the last trading day prior to the announcement from Zalando of its intention to submit a Takeover Offer.Subject to their review of the offer document, the management board and supervisory board of ABOUT YOU support the Takeover Offer and intend to recommend that ABOUT YOU shareholders accept the Takeover Offer. The acceptance period is expected to end at 24:00 hours on 17 February 2025 (CET). The Takeover Offer is not subject to a minimum acceptance threshold. Closing of the transaction is expected in summer of 2025, subject to obtaining relevant regulatory approvals.