US pet supplies retailer in largest PE deal of the year
PetSmart okays US$8.7b buyout following pressure from two hedge funds
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
New York
THE biggest private equity deal of 2014 - in a year of huge takeovers of cable providers and drug manufacturers - is a bet on the lucrativeness of dog food and catnip.
PetSmart agreed on Sunday to sell itself to a group led by investment firm BC Partners for about US$8.7 billion, months after the retailer came under pressure from two hedge funds.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Singaporeans can now buy record amount of yen per Singdollar
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
