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Half haggle

14 September 2021 By Aimee Donnellan, Peter Thal Larsen

Hellman & Friedman offered 18% more for Zooplus a month after the German retailer backed a $3.5 bln takeover. Blackstone and CD&R also paid more for listed targets than initially intended. Recommending a bid can flush out rival suitors. But boards should be negotiating harder.

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