Pet Valu Holdings Ltd. (TSE:PET) has released an update.
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Pet Valu Holdings Ltd., a prominent Canadian pet supply retailer, has announced a secondary bought deal offering of C$175 million, where its shares are being sold by existing shareholders at C$29.65 each. The deal, led by CIBC Capital Markets and RBC Capital Markets, includes an over-allotment option and will not yield any proceeds for the company itself, with the closing expected around May 15, 2024. The offering will be made in Canada and potentially the United States through private placement, adhering to specific securities regulations.
For further insights into TSE:PET stock, check out TipRanks’ Stock Analysis page.
