HOME - At Home holder CAS still against sale to Hellman & Friedman despite upped price

AJ_Watt/E+ via Getty Images At Home (HOME) holder CAS Investments, which says it's the home retailer's largest holder, is still against the company's sale to Hellman & Friedman despite the increased deal at the $37/share. At Home shares were largely unchanged at around $36.72 CAS, which has a 17% stake in At Home, urges shareholders to not tender into the offer after PE firm Hellman & Friedman raised its bid to $37 from original deal at $36, the investment firm said in a letter sent to At Home holders. "We have concluded that H&F’s original offer of $36 per share and its recently revised offer of $37 per share grossly undervalue the company and deprive stockholders of meaningful value," CAS wrote in the letter.  "We urge you to reject H&F’s insufficient tender offer." The increased bid came after the home retailer's larger holder CAS Investment Partners, which has a 17% stake,

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At Home holder CAS still against sale to Hellman & Friedman despite upped price