PetIQ Announces Definitive Merger Agreement With Bansk Group Valued at Approximately $1.5 Billion
New York – August 7, 2024 – Cooley advised PetIQ (Nasdaq: PETQ), a top pet medication, health and wellness company, on its definitive merger agreement with Bansk Group, pursuant to which Bansk Group will acquire all outstanding shares of PetIQ’s common stock for $31 per share in an all-cash transaction valued at approximately $1.5 billion. The transaction is expected to close in the fourth quarter of 2024. Upon completion of the transaction, PetIQ will be privately held and will continue to be operated independently by PetIQ’s executive team.
Lawyers Kevin Cooper, Christina Roupas, Neal Aizenstein, Julia Kim and Teddy Nimetz led the Cooley team advising PetIQ.
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