Sunday, 19 April 2015
Last updated 10 hours ago
Jul 7 2014 | 8:36am ET
Activist hedge fund Jana Partners has bought up nearly 10% of PetSmart Inc.’s shares, demanding that the retailer begin looking for a buyer.
The New York-based hedge fund took a 9.9% stake in PetSmart, making it the troubled company’s largest shareholder. The firm said it would hold talks with the company’s management, as well as with fellow shareholders and potential acquirers.
Jana said it wished to discuss a “significant return of capital to shareholders.”
“PetSmart welcomes open communications with its shareholders and values constructive input toward the goal of enhancing shareholder value,” the company said.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…