Bansk Group to Acquire PetIQ in a $1.5 Billion All-Cash Deal

Private equity firm Bansk Group entered a definitive merger agreement on August 7, 2024, to acquire pet health company PetIQ, Inc. (PETQ) for about $1.5 billion in cash.

Deal Structure:

According to the terms of the merger agreement, Bansk Group will acquire all of the outstanding shares of PetIQ’s common stock for $31.00 per share, representing a premium of 50.7% from the stock’s last close.

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