BC Partners, the Caisse among buyers of PetSmart for $8.7 billion: Reuters

U.S. pet supply retailer PetSmart Inc succumbed to calls from some shareholders for a sale with an agreement to be bought by a private equity consortium led by BC Partners Ltd for US$8.7 billion, Reuters reported. Some of BC Partners' fund investors, including the Caisse de dépôt et placement du Québec, have signed an agreement to buy the company for US$83 per share, PetSmart said.

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