PetMed surges after Cardone Ventures offers $89 million buyout
ReutersDec 16, 2025 5:33 PM
Shares of pet pharmacy firm PetMed Express PETS.O rise 30% to $3.73
Cardone Ventures, backed by billionaire investor Grant Cardone, has offered to buy PetMed Express for $4.25/share in cash, valuing the company at about $89 mln
The proposal, which is unsolicited and non-binding, was sent to PetMed's board and does not include any financing conditions, Cardone said
There is no certainty that the offer will lead to a deal - Cardone
Stock down 25% YTD
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