BUZZ-PetIQ surges on $1.5 bln take-private deal with Bansk Group
Reuters · 08/07 14:02
Share
Listen to the news
** Shares of pet health firm PetIQ PETQ.O rise 48% to more than three-year high of $30.47
** Consumer health-focused private equity firm Bansk Group will acquire PETQ for about $1.5 billion in cash
** Deal gives Bansk Group access to PETQ's products, including over-the-counter medications, diagnostic tests and grooming services
** Bansk Group will pay $31 for each PETQ share held, representing a premium of 51% to stock's previous close
** Deal is expected to close in Q4 2024
** Including session's gains, stock up ~54% YTD
(Reporting by Mariam Sunny in Bengaluru)
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending
No content on the Webull website shall be considered a recommendation or solicitation for the purchase or sale of securities, options or other investment products. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends.
Copyright © 2024 Webull. All Rights Reserved