At last check, shares of At Home Group Inc. (NYSE: HOME) were up 14.90 percent to trade at $36.01 in premarket session today. The HOME stock closed Wednesday’s trading session at $31.29, an increase of 2.02%.
The price of HOME shares has moved down by -6.85% in the past week, gaining 1237.18% over the past year. On news of an acquisition offer expected to be completed successfully, HOME stock is rising.
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The acquisition deal in brief:
Located in the heart of the largest home décor shopping district in the country, At Home offers thousands of on-trend products for any home décor style and at unbeatable prices. These include tabletop, patio, and seasonal decor and furnishings, mirrors, rugs, and art. Based in Plano, Texas, HOME currently operates 226 stores across 40 states.
The Wall Street Journal reported Hellman & Friedman LLC is near to reach an agreement to take At Home Group private, citing people familiar with the matter.
An agreement could be signed by Thursday under which At Home would be valued in the mid-30s a share, assuming the two sides reach a final agreement. Market value for At Home was around $2 billion as shares closed trading at $31.29 Wednesday.
With the price of the market increasing, private equity firms have been increasingly active, both selling their private companies as well as expanding into higher-valued leveraged buyouts. This makes At Home Group (HOME) even more attractive than it initially appear, as investors have direct access to target such companies without paying funding expenses.