The Shareholders Foundation announces that an investor, who currently holds shares of PetSmart, Inc. (NASDAQ:PETM), filed a lawsuit in effort to halt the proposed takeover of PetSmart, Inc..by BC Partners, Inc for $83.00 per share.
Investors who purchased shares of PetSmart, Inc. (NASDAQ:PETM) and currently hold any of those NASDAQ:PETM shares have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 – 1554.
On December 14, 2014, PetSmart, Inc. (NASDAQ:PETM) announced that it has entered into an agreement to be acquired by a consortium led by BC Partners, Inc. at a price of $83.00 per share in cash.
However, the plaintiff claims that the offer is too low and undervalues PetSmart, Inc. Indeed, PetSmart’s performance improved recently. . In addition, the plaintiff claims that the process is also unfair to NASDAQ:PETM stockholders. Indeed, Longview Asset Management, which owns or manages approximately 9% of PetSmart’s outstanding shares has already committed to vote in favor of the transaction.
On January 12, 2015,, NASDAQ:PETM shares closed at $81.04 per share.
Those who are current investors in PetSmart, Inc. (NASDAQ:PETM) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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