CEO Departs as PetSmart Officially Sold
March 11, 2015
The PetSmart retail chain has new owners and a new CEO. The equity firm BC Partners and a coalition of other financial backers today completed their $8.7 billion acquisition of Phoenix-based PetSmart. Stockholders received $83 a share, a 39 percent spike from July 2014, when investors began calling for a takeover because of what at least one… Continue reading...