PetSmart, Inc. (NASDAQ:PETM) today announced that it has entered into a
definitive agreement to be acquired by a consortium led by BC Partners,
Inc. at a price of $83.00 per share in cash, representing a premium of
approximately 39% over PetSmart’s unaffected closing share price on July
Sign-up for Lifshitz & Miller Law Firm Announces Investigation of MicroFinancial Incorporated, Ocwen Financial Corp., Paramount Gold and Silver Corp., PetSmart, Inc., Riverbed Technology, The Pantry, Inc., and Volcano Corporation investment picks
Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers
Taylor LLP are investigating potential claims against the Board of
Directors of PetSmart, Inc. (“PetSmart”) (NasdaqGS: PETM) concerning the
sale to BC Partners, Inc. Under the terms of the agreement, PetSmart
shareholders will only receive $83.00 in cash for each share owned,
which is less than a 7% premium over the closing price just before the
deal was announced and virtually no premium over 52-week high.
Levi & Korsinsky is investigating the Board of Directors of PetSmart
Inc. (“PetSmart” or “the Company”) (NasdaqGS: PETM) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to BC Partners.
Sign-up for PETM SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation of the Board of Directors of PetSmart Inc. Regarding the Fairness of the Sale of the Company to BC Partners investment picks
Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating
whether members of the board of directors of PetSmart, Inc. (NASDAQ:
PETM) breached their fiduciary duties in connection with the planned
merger of the Company with a group led by BC Partners.
& Springer LLC , a boutique securities class action law firm
focused on representing shareholders nationwide, is investigating
potential breach of fiduciary duty claims against the Board of Directors
of PetSmart, Inc. (NASDAQ:PETM) (“PetSmart” or the “Company”) relating
to the sale of the Company to a consortium of investors led by BC
Partners, Inc. (“BC Partners”). On December 14, 2014, the two companies
announced the signing of a definitive merger agreement pursuant to which
BC Partners will acquire PetSmart in a leveraged buyout worth $8.7
By David Benoit and Dana Mattioli
Largest private-equity buyout of the year
PetSmart Inc. (PETM) has agreed to be bought by a group led by BC Partners Inc. for more than $8.2 billion, the largest private-equity buyout in an otherwise lackluster year for such deals.
Sign-up for Petsmart Shareholder Alert - Buyout Of Petsmart, Inc. - National Securities Law Firm Seeks Higher Price For Shareholders. Encourages Shareholders To Contact Law Firm For More Information investment picks
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