Petsmart is spinning off 20 percent of Chewy.com as a dividend to its PE owner, BC Partners, the Wall Street Journal is reporting. BC Partners invested $1 billion in 2017 to finance Petsmart’s buy of Chewy.com, the story said.
Source: https://www.pehub.com/2018/06/petsmart-spin-off-20-pct-chewy-com-wall-street-journal/
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