CAS Investment Partners Sends Letter to At Home Group (HOME) Stockholders, Says H&F's Offer Undervalues Company
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CAS urges At Home investors to reject $37 a share take-private deal
June 18, 2021 8:35 AM EDTBy Svea Herbst-Bayliss
BOSTON (Reuters) - At Home Group Inc's largest investor, CAS Investment Partners LLC, is urging shareholders to join it in rejecting the home furnishing retailer's proposed sale, arguing that even after this week's price increase the offer remains far too low.
CAS, which owns 17% of At Home's shares, said private equity firm Hellman & Friedman's new offer to pay $37 a share, representing a $1 per share bump, is not nearly sufficient for a company valued at $2.4 billion and growing strongly as low mortgage rates and strong housing demand fuel home decorating.... More
