NEW YORK, July 22 (Reuters) - PetSmart Inc has hired investment bank JPMorgan Chase & Co to evaluate a range of alternatives, including a leveraged share buyback and a potential deal with private equity, according to people familiar with the matter.
days, UBS says, as it sees activist investors becoming more aggressive in the name over the next two months. PetSmart (NASDAQ: PETM ): Activist pressure to unlock value has stepped up, and the company is talking with Wall Street banks for possible
PetSmart (NASDAQ: PETM ) hires financial advisers to advise it on strategic alternatives. The company is also working with a law firm which specializes in helping firms defend themselves against hostile takeovers. Post your comment!
By David Trainer : PetSmart (NASDAQ: PETM ) has been in the news this week after activist hedge fund ..... a private takeover would by far be the better choice for PetSmart . PetSmart is currently doing a good job of creating economic value
RBC Capital downgrades PetSmart (NASDAQ: PETM ) to Sector Perform from Outperform on a valuation call. Shares of PetSmart have risen over 20% on a month with activist investors making more noise. PETM -1.0% premarket Post your comment!
By Sammy Pollack : On Monday, PetSmart ( PETM ) announced that it is considering ..... entitled Why I Followed Jana Into PetSmart . PetSmart Would Need To Borrow To Fund Dividend Currently, PETM has just $236 million, or
July 7 (Reuters) - Longview Asset Management LLC became the latest PetSmart Inc shareholder calling for the company's board to consider selling itself, even as the retailer said on Monday it was reviewing potential changes in its capital structure.
PetSmart ( PETM +2% ) stakeholder Longview Asset Management ..... investment firm says its research indicates Petsmart will be valued higher by private market ..... was Jana Partners putting the heat on PetSmart 's board. Longview's SEC 13D filing
July 7 (Reuters) - PetSmart Inc said it is reviewing potential changes in its capital structure, days after activist hedge fund Jana Partners LLC said it planned to ask the pet products retailer to explore a sale.
PetSmart ( PETM ) discloses that its board has been reviewing potential ..... last week that Jana Partners holds a 13.5% stake in PetSmart and plans to push for changes. SEC Form 8-K PETM +0.7% premarket Post your comment!