By Elena Vardon
eBay-backed Adevinta received a takeover bid from a consortium led by Permira and Blackstone, valuing the Norwegian online marketplace company at $13.17 billion.
The group said Tuesday that it entered into a transaction agreement with the buyer which will offer 115 Norwegian krone ($10.75) per share in cash, depository receipts or a combination of both.
The offer price represents an around 53% premium to the volume weighted average price of NOK75.4 over the three months to Sept. 21, it added.
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(END) Dow Jones Newswires