May 7, 2019 / 2:26 PM / 3 months ago

Scout24 bidders reach 9.7 pct stake ahead of deal deadline

BERLIN, May 7 (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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