The household goods supermarket At Home Group Inc. announced on the 15th that the 40-day bidding period has expired in accordance with the previously announced merger terms. According to the agreement, private equity firm Hellman & Friedman will acquire At Home in an all-cash transaction.

In the transaction, At Home was valued at US$2.8 billion. The transaction had previously been opposed by At Home’s largest shareholder CAS Investment Partners and claimed that if the terms of the acquisition were not revised, measures would be taken to cancel the transaction.

The 40-day bid period ends at 11:59 p.m. Eastern Time on June 14, 2021. According to the merger agreement, At Home's board of directors, with the assistance of its exclusive financial adviser, Goldman Sachs, actively seeks acquisition intentions from potential third parties.

During this period, At Home contacted 24 third-party companies, including 17 financial investment companies, and 7 potential strategic acquirers. No company intends to acquire, and Goldman Sachs did not receive other potential parties that actively contacted during this period. 

This allowed At Home to continue to be acquired by Hellman & Friedman. If the transaction is completed, At Home will become a privately held company, and At Home’s stock will no longer be traded on the New York Stock Exchange.