Rover gains on proposed sale to Blackstone

Rover

29/11/2023 16:26

** Online pet care marketplace Rover's shares  ROVR.O 
climb 28.45% to $10.92
    ** Co enters agreement to be acquired by private equity
funds managed by Blackstone in all cash deal worth about $2.3
bln, ROVR shareholders to receive $11/shr 
    ** Upon close of the deal, Rover would become a privately
held company operating under the Rover name and brand
    ** Transaction is expected to close by early 2024, subject
to shareholder approval and regulatory clearance
    ** Including session's gains, ROVR has risen 197.55% YTD


 (Reporting by Kabir Dweit)
 ((Kabir.Dweit@thomsonreuters.com))