PetIQ Says It Has Been Acquired by Bansk Group for $1.5 Billion

MT Newswires Live10-25

PetIQ (PETQ) said Friday that private investment firm Bansk Group has completed its acquisition of the pet health care company for about $1.5 billion in cash.

Under the terms of the deal, PetIQ shareholders will receive $31 in cash per PetIQ share.

The company said that because it is now a private company, its stock no longer trades and will be delisted from the Nasdaq stock exchange. It also said it will continue to operate independently by its executive team.

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