At Home Group Inc takes up Hellman & Friedman on their raised offer

Honest Capital, a hedge fund, made an offer to At Home Group months ago. The company refused it under the pretext that the offer grossly undervalued ‘At Home’ and they are going forward with Hellman & Friedman’s raised offer of $37 per share.

“As we enter the next chapter for our company, H&F is the ideal partner to advance ours At Home 2.0 long term strategy. Together with H&F, we will have the resources and flexibility to provide our customers with a differentiated experience that meets their evolving needs. This transaction is a testament to the achievements of our team members, and I would like to thank each of them for all they do each day to contribute to the success of At Home,” Lee Bird, Chairman and CEO, At Home, said.