Building materials firm Grafton said its €336m offer for DIY home improvement group Heiton Holdings has been accepted by 89.2% of Heiton shareholders.
This meant the offer was now unconditional, although still subject to approval by the competition authorities, the company said in a statement this evening.
After three rejections, Grafton said last August that an improved offer valuing each Heiton share at about €6.54 had finally been accepted by the company. Grafton had already owned 29% of the company before the August bid.
Grafton shares closed two cent lower at €7.25 in Dublin this evening, while Heiton shares were down one to €6.75.
