By  on January 2, 2013

BERLIN — Advent International said it now owns more than 96 percent of Douglas Holding AG, setting the stage for a squeeze-out of remaining shareholders.

The deal for the German perfumery, jewelry, fashion, confectionery and book retail group was officially sealed when the acquisition threshold of 76.2 percent of shares was reached on Dec. 4; an additional acceptance period extended to December 21. In total, Advent bid 1.5 billion euros, or $1.98 billion, at current exchange. 

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