Author: MATT OTT

Private equity giant Blackstone will acquire pet care app Rover in an all-cash deal worth $2.3 billion, the companies announced Wednesday.Rover shares climbed about 28% on news of the deal, which will pay Rover shareholders $11 per share. Blackstone said that equates to a 61% premium to Rover’s average share price over the past 90 trading days. The deal is expected to close in the first quarter of 2024, at which point Rover will no longer be a publicly traded company. The agreement includes a 30-day period expiring on December 29 during which Rover and its advisers may seek and…