(Reuters) - German e-retailer Zalando said on Friday that it has secured the purchase of 90% of About You's share capital in its public takeover offer, advancing further in plans to buy the smaller
Zalando Moves Closer to Acquiring Rival About You with 90% Stake
(Reuters) - German e-retailer Zalando said on Friday that it has secured the purchase of 90% of About You's share capital in its public takeover offer, advancing further in plans to buy the smaller rival.
Zalando is set to buy the remaining shares for cash compensation and said the final results of the takeover offer, which expired March 6, will be published March 11.
(Reporting by Marleen Kaesebier in Gdansk; Editing by Ludwig Burger)
