Rover shares jump on $2.3 bln go-private deal with Blackstone

Rover

29/11/2023 16:14

Nov 29 (Reuters) - Rover Group shares  ROVR.O  surged
28% in early trading on Wednesday after the pet care company
said investment firm Blackstone  BX.N  will take it private in
$2.3 billion all-cash deal.
    The company's shareholders will receive $11 per share at a
premium of 29.4% from the last close price. 
    Rover is an online marketplace where pet care providers
offer services such as dog walking and in-home pet sitting. 
    The company said the transaction is expected to close in the
first quarter of 2024.

 (Reporting by Christy Santhosh in Bengaluru; Editing by Arun
Koyyur)
 ((Christy.Santhosh@thomsonreuters.com;))