Author: Emilio Ghigini

© Reuters. SEATTLE – Rover Group, Inc., a leading online marketplace for pet care services, has been acquired by private equity funds managed by Blackstone (NYSE:) in a deal valued at approximately $2.3 billion . The acquisition, which was finalized after approval from Rover’s stockholders on February 22, 2024, results in Rover’s common stock ceasing to trade and being delisted from the Nasdaq Stock Market. Rover stockholders are scheduled to receive $11.00 in cash per share of common stock held prior to the closing of the acquisition. This marks a significant event in Rover’s history as it begins a new…