Apollo Global Management Most Likely Buyer for PetSmart, Reports NY Post
Apollo Global Management (NYSE: APO) is said to be the most likely winner for PetSmart (NASDAQ: PETM), according to a source close, as reported by the NY Post. The Leon Black-led firm is expected to offer between $78 and $82 per share by the Thursday bid deadline.
Shareholder Jana Partners has been pressing for a sale of the pet supply chain. Both Apollo and PetSmart declined comment.
PetSmart closed Monday at $78.61, a loss of $0.15.
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