Kirby McInerney LLP is investigating potential claims against PetSmart, Inc. (“PetSmart” or the “Company”) PETM concerning the proposed acquisition of the Company by a consortium led by BC Partners, Inc (“BC Partners”). The consortium includes Funds advised by BC Partners (“the BC Funds”), alongside several of its limited partners, including La Caisse de dépôt et placement du Québec (“La Caisse”) and StepStone. Under the terms of the definitive agreement, PetSmart stockholders will receive $83.00 in cash for each share of PetSmart common stock they own, valuing the transaction at approximately $8.7 billion.
The investigation concerns whether the PetSmart Board of Directors violated its fiduciary duties by agreeing to the proposed transaction and whether the proposed consideration adequately values the Company's common stock.
If you are a PetSmart stockholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at bwalker@kmllp.com, or telephone at (212) 699-1145, Melissa Fortunato, Esq. by email at mfortunato@kmllp.com, or telephone at (212) 699-1141, or toll free at (888) 529-4787, or by filling out this contact form. There is no cost or obligation to you.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.
Kirby McInerney LLP
J. Brandon Walker, Esq., 212-699-1145
bwalker@kmllp.com
or
Melissa
Fortunato, Esq., 212-699-1141
mfortunato@kmllp.com
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