HOME - Hellman & Friedman to close At Home merger following completion of tender offer

Private equity firm Hellman & Friedman completed its cash tender offer to purchase all outstanding common shares of At Home Group ([[HOME]]).Funds affiliated with Hellman & Friedman said Ambience Merger Sub Inc. (Purchaser) completed the cash tender which expired on July 22.As of the final expiration, 39,002,798 shares had been validly tendered, representing about 59.3% of the aggregate voting power of At Home’s outstanding shares of common stock.In June, At Home agreed to a revised takeover bid of $37/share from Hellman & Freedman, a $1 increase from the original deal. CAS Investments, which says it's the home retailer's largest holder, was against the company's sale.H&F noted that the purchaser has acquired a sufficient number of At Home shares to consummate the second-step merger,  in which any remaining common shares will be converted into the right to receive $37 per share.H&F expects to consummate the merger today.Upon closing, At Home will become a privately held company

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Hellman & Friedman to close At Home merger following completion of tender offer