BC Partners to Split PetSmart, Chewy in $6 Billion Recap Deal [Yahoo! Finance News]
Chewy, Inc. Class A (CHWY)
Last chewy, inc. class a earnings: 12/9 04:15 pm
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Source: Yahoo! Finance News
(Bloomberg) -- Three years after saddling PetSmart Inc. with debt to acquire online rival Chewy Inc., a group led by private equity firm BC Partners is splitting them in two, betting that the companies will be better off on their own.The group plans to recapitalize PetSmart with $1.3 billion of equity and $4.65 billion of debt raised from institutional money managers, according to credit grading firms and documents released to investors.All of PetSmart’s remaining shares in Chewy will be distributed to the BC Partners-led group, which will operate the fast-growing but unprofitable online retailer as a wholly separate business. The new structure will result in a smaller debt load relative to earnings as well as longer maturities for PetSmart, which will continue to focus on its brick-and-mortar locations.Both companies have performed well during the pandemic amid a surge in pet adoption and as consumers gravitate toward home-related products. Government-mandated shutdowns have also acc
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CHWY
News
- Chewy, Inc. (NYSE: CHWY) had its price target lowered by analysts at Piper Sandler from $19.00 to $16.00. They now have a "neutral" rating on the stock.MarketBeat
- 10 smart devices that make pet parenting easier [FOX News]FOX News
- HALO COLLAR NAMED TO FAST COMPANY'S ANNUAL LIST OF THE WORLD'S MOST INNOVATIVE COMPANIES OF 2024 AND INC MAGAZINE'S LIST OF THE NORTHEAST REGION'S FASTEST-GROWING PRIVATE COMPANIES [Yahoo! Finance]Yahoo! Finance
- Technology Gets The Headlines, But Relationships Remain The Foundation [Forbes]Forbes
- The Unexpected Benefits of Expensive Pet Food [Yahoo! Finance]Yahoo! Finance
CHWY
Earnings
- 3/20/24 - Beat
CHWY
Sec Filings
- 4/8/24 - Form 4
- 4/8/24 - Form 4
- 4/8/24 - Form 4
- CHWY's page on the SEC website