SAN DIEGO (AFX) - Petco Animal Supplies Inc., the nation's second-biggest pet supplies retail chain, on Monday said the regulatory antitrust waiting period affecting the company's buyout by a private investment group has ended early.
The investor firms Leonard Green & Partners LP and Texas Pacific Group offered $29 per share in cash for Petco for a total transaction value of about $1.8 billion, including assumed debt.
The transaction, announced last month, remains subject to stockholder approval and is expected to close by the fourth quarter of this year.
Shares of Petco fell 4 cents to end at $28.03 on the Nasdaq before adding 3 cents to $28.06 in aftermarket activity.
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