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Overview

Hellman & Friedman (H&F) and Blackstone's proposed buyout of listed online listings company Scout24 has not reached the minimum acceptance threshold of at least 50% of all Scout24 shares plus one share.

The consortium, which launched the bid through the holding company Pulver BidCo in February 2019, controlled approximately 42.8% of all outstanding shares at the time of expiry on 9 May 2019. The firms previously stated that they will not launch a new offer for 12 months if they fail to achieve the minimum acceptance threshold.

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