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NY Post: KKR interested in PetSmart

Oct. 23, 2014 10:51 AM ETKKR & Co. Inc. (KKR) StockPETM, KKRBy: Clark Schultz, SA News Editor3 Comments
  • KKR (KKR +1.4%) is taking a serious look at PetSmart (PETM +0.6%), according to the New York Post.
  • The investment firm has a nice track record in the pet supplier business after guiding Pets at Home to a profitable IPO.
  • Firdt-round bids on PetSmart are due in by the end of the month with JPMorgan overseeing the action.
  • Investors haven't really assigned a buyout premium on PETM as shares trade lower than they did three months ago.

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