This Eagle company laid off 100s of workers the night before announcing its $1.5B sale [Yahoo! Finance]
PetIQ, Inc. - Class A (PETQ)
Last petiq, inc. - class a earnings: 3/10 04:05 pm
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Source: Yahoo! Finance
Dr. Elizabeth Dudas told the Idaho Statesman that the Eagle-based veterinary supply company notified affected employees at a 3-minute Microsoft Teams call the evening of Aug. 6. The meeting was followed by an email, delivered at 10:47 p.m. by the company's legal department. “Despite our best efforts, the ongoing challenges within the labor market and the increasing operating costs have made it clear that the wellness center model is no longer sustainable,” said the email, which Dudas shared with the Statesman. “So, we've made the difficult decision to exit the wellness center model, which means closing our remaining wellness center locations.” Dudas estimated that roughly 250 to 300 employees were laid off. Most were veterinarians and support staff, she said. The next day, at 8 a.m., the company announced that it planned to leave the stock market and sell to Bansk Group, a New York City private equity firm, in a $1.5 billion cash deal to close later this year. Bansk Group is a
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PETQ
News
- PetIQ, Inc. Announces Successful Completion of Acquisition by Bansk Group [Yahoo! Finance]Yahoo! Finance
- PetIQ, Inc. Announces Successful Completion of Acquisition by Bansk GroupGlobeNewswire
- With A 5.3% Return On Equity, Is PetIQ, Inc. (NASDAQ:PETQ) A Quality Stock? [Yahoo! Finance]Yahoo! Finance
- PetIQ, Inc. Announces Results of Special Meeting of StockholdersGlobeNewswire
- SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Mergers and Upcoming Votes of PETQ and FBMSAccesswire
PETQ
Earnings
- 8/7/24 - Beat
PETQ
Sec Filings
- 10/28/24 - Form 4
- 10/28/24 - Form 4
- 10/28/24 - Form 4
- PETQ's page on the SEC website