HOME - At Home agrees to revised $37/share deal with Hellman & Friedman

Zhanna Hapanovich/iStock via Getty Images At Home (HOME) agreed to a revised takeover bid from Hellman & Freedman from $37/share, a $1 increase from the original deal after some holders complained price was too low. Under the terms of the revised agreement, H&F will commence a tender offer to acquire all outstanding shares of At Home's common stock, according to a statement.  Following completion of the tender offer, H&F will complete a second-step merger in which any remaining shares of At Home will be converted into the right to receive the same per share price paid in the tender offer. The increased bid came after the home retailer's larger holder CAS Investment Partners, which has a 17% stake, disclosed last month that it was soliciting votes against the company's $36/share sale to Hellman & Friedman. CAS said it believes that At Home is worth $70/share.  At Home shares were halted pending

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At Home agrees to revised $37/share deal with Hellman & Friedman