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PetSmart Buyout Approved
Pet Age Staff //March 8, 2015//
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PetSmart, Inc. stockholders approved the acquisition of PetSmart by a consortium led by BC Partners, Inc.
In December, PetSmart accepted a bid on the company for $8.7 billion. To complete the transaction, investors had to approve the deal
PetSmart expects the transaction to close on March 11, 2015. At the closing of the transaction, PetSmart stockholders will receive, for each share of PetSmart common stock, $83.00 in cash.
