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Sunday, December 14, 2014

BRIEF-PetSmart to be acquired by consortium led BC Partners, (NASDAQ: PETM)

Petsmart Inc * PetSmart to be acquired by consortium led BC Partners valued at about $8.7 billion* PetSmart deal with BC Partners reached following review of strategic alternatives* Transaction expected to close in first half of 2015* Petsmart closing share price of $77.67 on Dec. 12 Source text for Eikon: Further company coverage: (Reporting By Chuck Mikolajczak)

PetSmart, Inc. (PetSmart) is a specialty provider of pet products and services in North America. Shares of PETM fell by 0.98% or $-0.77/share to $77.67. In the past year, the shares have traded as low as $55.00 and as high as $79.68. On average, 919814 shares of PETM exchange hands on a given day and today's volume is recorded at 833052.