PetSmart Bid Deadline Extended as Lenders Face Regulatory Issues -NY Post
The deadline for PetSmart (NASDAQ: PETM) bidders has been extended to later this week, as lenders face regulatory issues, reports the NY Post. The deadline for second-round bids had been last Friday, but lenders have attracted the concern of regulators for being overly aggressive in competing to finance the deal, according to sources.
PetSmart shares closed Friday at $78.20, a loss of 1%.
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