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Stock Market & Financial Investment News

News Breaks
July 30, 2014
11:36 EDTPETMPE firms not showing much interest in PetSmart, NY Post says
Although activist shareholder Jana Partners would like PetSmart to pursue a sale, private equity firms don't look to be that interested in the pet supply chain, says the NY Post. According to the NY Post report, the private equity firms that have looked into doing a deal are "having a tough time making the financials work." Reference Link
News For PETM From The Last 14 Days
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October 29, 2014
12:59 EDTPETMPrivate equity firms preparing initial bids for PetSmart auction, WSJ says
Private equity firms including Apollo Global Management (APO), Hellman & Friedman and KKR (KKR) are said to be preparing initial bids for pet-supply retailer PetSmart (PETM), says the Wall Street Journal. PetSmart which is based in Phoenix and has around 1,350 stores has a market capitalization of around $7B, added the Wall Street Journal. Shares of PetSmart are up almost 3% or $1.98, to $72.06 in midday trading. Reference Link
12:15 EDTPETMPrivate equity firms ready initial bids for PetSmart, Dow Jones says
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October 23, 2014
06:16 EDTPETMPetSmart attracts interest from KKR, NY Post reports
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