Hellman & Friedman Matches EQT’s $3.9 Billion Offer for Zooplus

Hellman & Friedman matched Swedish private equity firm EQT AB’s 3.4 billion-euro ($3.9 billion) offer to acquire German online pet-food retailer Zooplus AG, continuing a takeover battle.

Hellman & Friedman said it raised its offer to 470 euros a share from 460 euros. The move means that commitments of shareholders who agreed to sell 17% of Zooplus to H&F remain binding, the private equity firm said.