PetIQ To Be Acquired By Bansk Group For $31.00 Per Share In $1.5B All-Cash Transaction; Represents 41% Premium To 30-Day Volume-Weighted Average Price And 51% Premium To Closing Price On August 6, 2024
Portfolio Pulse from Benzinga Newsdesk
PetIQ (PETQ) is set to be acquired by Bansk Group for $31.00 per share in an all-cash transaction valued at $1.5 billion. This acquisition price represents a 41% premium to the 30-day volume-weighted average price and a 51% premium to the closing price on August 6, 2024.
August 07, 2024 | 12:05 pm
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PetIQ (PETQ) is being acquired by Bansk Group for $31.00 per share in a $1.5 billion all-cash transaction. This represents a significant premium to recent trading prices, likely leading to a short-term increase in PETQ's stock price.
The acquisition price of $31.00 per share represents a substantial premium over recent trading prices, which is likely to drive PETQ's stock price up in the short term as investors react to the news.
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