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PetSmart Inc

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  • A consortium of banks, led by JPMorgan Chase& Co, had offered to finance the deal for Telesat's parent, New York- based Loral Space& Communications Inc, offering much more debt than regulators are comfortable with, the sources said. After discussions with regulators, however, JPMorgan revised its debt financing offer down, offering to lend an amount equal to closer...

  • *Total deal value of about $5.8 bln, including $2.6 bln debt. Feb 3- J M Smucker Co has agreed to buy Big Heart Pet Brands for $3.2 billion, snapping up the popular Meow Mix and Milk-Bone brands in its first venture into the fast-growing U.S. pet food market. Big Heart is owned by private equity firms Kohlberg Kravis Roberts& Co LP, Vestar Capital Partners, Centerview...

  • Jan 13- Pet supply retailer PetSmart Inc disclosed on Tuesday it was in talks to acquire or merge with a privately held rival, but ended talks over competition and antitrust concerns. PetSmart succumbed to calls from Jana Partners LLC and other large shareholders for a sale last month by agreeing to be bought by a private equity consortium led by BC Partners Ltd...

  • *Petsmart to be acquired by private equity consortium. NEW YORK, Dec 15- U.S. stocks were down slightly in volatile trading on Monday afternoon as investors assessed the impact of another big drop in oil prices. "What continues to be the focus for the markets is oil," said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York.

  • US STOCKS-Wall St slides along with crude prices Monday, 15 Dec 2014 | 12:35 PM ET

    *Petsmart to be acquired by private equity consortium. NEW YORK, Dec 15- U.S. stocks slid on Monday with investors shunning risk as oil prices tumbled to fresh 5-1/ 2 year lows. "The continued free fall in crude is the main thing here," said Uri Landesman, president at Platinum Partners in New York, adding the S&P 500 could test 1,750..

  • *Petsmart to be acquired by private equity consortium. NEW YORK, Dec 15- U.S. stocks dipped on Monday as initial gains vanished, as did a brief rebound in crude oil prices. "You had some traders take profits on the early gains once oil moved to negative," said Rick Meckler, president of investment firm LibertyView Capital Management in Jersey City, New Jersey.

  • PetSmart sold for $8.2 billion  Monday, 15 Dec 2014 | 9:05 AM ET

    PetSmart has agreed to be acquired by a consortium controlled by BC partners for $8.2 billion. CNBC's Jim Cramer and David Faber break down the deal.

  • *Petsmart to be acquired by private equity consortium. NEW YORK, Dec 15- U.S. stocks were set to rise at the open on Monday, following the worst week for the S&P 500 in more than two years, with investors focused on crude oil prices which earlier hit a fresh 5-1/ 2- year low. Shares of pet supply retailer PetSmart rose 4.8 percent in premarket trading after it agreed to be...

  • Early Movers: PETM, BOBE, JNPR, MSFT & more Monday, 15 Dec 2014 | 7:55 AM ET
    Traders work on the floor of the New York Stock Exchange on April 22, 2014

    Some of the names on the move ahead of the open.

  • US STOCKS-Futures jump early as crude prices rebound Monday, 15 Dec 2014 | 7:39 AM ET

    *Petsmart to be acquired by private equity consortium. NEW YORK, Dec 15- U.S. stock index futures rose on Monday, following the worst week for the S&P 500 in more than two years, with investors focused on a rebound in crude oil prices which earlier hit a fresh 5-1/ 2- year low. *Shares of pet supply retailer PetSmart rose 4.2 percent in premarket trading after it agreed to...

  • Dec 14- Pet supply retailer PetSmart Inc succumbed to calls from some shareholders for a sale on Sunday with an agreement to be bought by a private equity consortium led by BC Partners Ltd for $8.7 billion, in the largest leveraged buyout of the year. PetSmart said BC Partners, as well as some of its fund investors, including La Caisse de dépôt et placement du...

  • BC Partners lands PetSmart in $8.7 bln buyout Sunday, 14 Dec 2014 | 5:03 PM ET

    PetSmart agreed to sell itself to a private equity consortium for $8.7 billion, in the largest leveraged buyout of the year.

  • BC Partners to acquire PetSmart for $8.7 billion Sunday, 14 Dec 2014 | 4:31 PM ET

    Dec 14- Pet supply retailer PetSmart Inc said on Sunday it had agreed to sell itself to a private equity consortium led by BC Partners Ltd for $8.7 billion, in the largest leveraged buyout of the year. PetSmart said BC Partners, as well as co-investors that include La Caisse de dépôt et placement du Québec and StepStone, have signed an agreement to buy the company...

  • WASHINGTON, Dec 13- Apollo Global Management is nearing a buyout of PetSmart Inc for about $8 billion in what would be the largest leveraged deal for a U.S. company this year, Bloomberg reported on Saturday, citing unnamed sources. "New York- based Apollo is in late-stage talks to buy PetSmart for about $8 billion following an auction process that has been under way...

  • Cheat sheet: Retailers' Black Friday openings Wednesday, 26 Nov 2014 | 5:00 AM ET
    A Black Friday sign outside an H&M store in New York.

    Still figuring out your Black Friday battle plan? This road map of store openings can help.

  • Big box stores' big problem? They're just 'average' Monday, 24 Nov 2014 | 11:15 AM ET
    The silhouette of a pedestrian in front of a Bed Bath & Beyond store in San Francisco.

    After evaluating 64 big box stores' digital IQs, L2 concluded that 39 percent are just "average."

  • BUSINESS-NEWS-SCHEDULE AT 1630 GMT /11:30 AM ET Wednesday, 19 Nov 2014 | 11:40 AM ET

    WASHINGTON- President Barack Obama might be open to using the Keystone pipeline as leverage with Republicans if they cooperate on other aspects of his long-stalled domestic agenda, such as investing in infrastructure, closing tax loopholes or reducing carbon emissions. U.S. regulator seeks nationwide recall of Takata air bags. WASHINGTON- The U.S. auto...

  • BUSINESS-NEWS-SCHEDULE AT 1600 GMT /11:00 AM ET Wednesday, 19 Nov 2014 | 11:07 AM ET

    WASHINGTON- President Barack Obama might be open to using the Keystone pipeline as leverage with Republicans if they cooperate on other aspects of his long-stalled domestic agenda, such as investing in infrastructure, closing tax loopholes or reducing carbon emissions. WASHINGTON- The U.S. auto safety regulator has told Japanese supplier Takata Corp and...

  • Early Movers: LOW, SPLS, PETM, DRI, DG & more Wednesday, 19 Nov 2014 | 8:12 AM ET
    A trader works on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • KKR, CD&R prepare joint bid for PetSmart: Sources Tuesday, 18 Nov 2014 | 7:17 PM ET

    Buyout firms KKR & Co LP and Clayton, Dubilier & Rice LLC (CD&R) have teamed up to take PetSmart Inc private for more than $7.5 billion, people familiar with the matter said on Tuesday.