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Acquired for 8.7 billion

14 Dec, 2014

PetSmart is acquired for 8.7 billion by a group of investors led by BC partners in the biggest private equity deal of the year. Gregory P. Josefowicz, PetSmart’s chairman:

We are pleased to have reached this agreement with BC Partners, which maximizes value for all of our shareholders and best positions PetSmart to continue to meet the needs of pet parents. This transaction represents the successful conclusion of our extensive review of strategic alternatives.