tiprankstipranks
PetIQ stockholders vote to approve merger agreement to be acquired by Bansk
The Fly

PetIQ stockholders vote to approve merger agreement to be acquired by Bansk

PetIQ (PETQ) announced that at its virtual Special Meeting of Stockholders approximately 80% of its outstanding shares of common stock voted to approve the adoption of the definitive merger agreement pursuant to which Bansk Group will acquire all of the outstanding shares of PetIQ’s common stock for $31.00 per share, in an all-cash transaction valued at approximately $1.5B. Upon completion of the proposed transaction, PetIQ’s common stock will no longer be listed on the Nasdaq, and PetIQ will be privately held and continue to be operated independently by the company’s executive team.

Don't Miss our Black Friday Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App