HomeAdvisor, Inc. made a tender offer to acquire 29.9% stake in MyHammer Holding AG (DB:MYRK) for 7.7 million on October 10, 2016. As of December 19, 2016, HomeAdvisor will now offer a consideration of 6.50 per shares. In a relative transaction, IAC/InterActiveCorp (NasdaqGS:IAC) agreed to acquire 70% stake in MyHammer Holding AG from Holtzbrinck Digital GmbH.
The tender offer will be launched in the coming weeks, after clearance is obtained from German regulatory authorities.