HOME - At Home to be acquired by Hellman & Friedman in an all-cash transaction for $2.8B

After reports of PE firm Hellman & Friedman nearing a deal to acquiring At Home ([[HOME]] +14.2%) yesterday, the company entered into a definitive agreement to be acquired in an all-cash transaction valued at $2.8B, including debt assumption.Under agreement terms, At Home stockholders will receive $36/share in cash (representing a premium of ~17% from May 4 closing price)."As we enter the next chapter for our company, H&F is the ideal partner to advance our At Home 2.0 long term strategy," chairman & CEO Lee Bird commented.Under agreement terms, At Home may solicit alternative acquisition proposals from third parties during a 40-day go-shop period post execution date of the merger agreement.Transaction is expected to close in Q3.On completion, At Home will become a privately-held company and its shares will no longer trade on NYSE.

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At Home to be acquired by Hellman & Friedman in an all-cash transaction for $2.8B