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At Home to be taken private after $2.8 billion all-cash deal

·1 min read
At Home to be taken private after $2.8 billion all-cash deal
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At Home Group Inc. announced Thursday that it will be acquired by private-equity firm Hellman & Friedman in an all-cash transaction valued at $2.8 billion, including the assumption of debt. The near-close of the deal, which will take the home goods retailer private, was first reported in The Wall Street Journal late Wednesday. 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. May 4 was the last trading day before media speculation of the deal. The transaction is expected to close during the third-quarter of calendar year 2021. At Home stock was up 14.5% on Thursday before trading was halted. Shares have rocketed 131.6% for the year to date. The benchmark S&P 500 index has gained 10.8% for the period.