Private equity firms win over Scout24 with improved $6.4 billion bid
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FRANKFURT (Reuters) - Hellman & Friedman and Blackstone have won over Scout24 after raising their offer for the online classifieds group to 5.7 billion euros (£5.02 billion) including debt, setting up the biggest takeover of a listed German company by private equity.The investors said in a statement on Friday that Scout24's management and supervisory board supported the sweetened bid of 46 euros a share. Last month, the German company rejected an offer of 43.50 euros per share.Scout24 shared..