PetMed Express gets a lower $3 buyout bid from SilverCape
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PetMed Express, Inc. Confirms Receipt of Unsolicited, Non-Binding, and Conditional Acquisition Proposal from SilverCape Investments Limited
June 30, 2026 9:15 AM EDTDELRAY BEACH, Fla., June 30, 2026 (GLOBE NEWSWIRE) -- PetMed Express, Inc. (PetMeds or the Company) (Nasdaq: PETS) today confirmed that its Board of Directors (the Board) has received an unsolicited, non-binding, and conditional proposal from SilverCape Investments Limited (SilverCape) to acquire all outstanding shares of the Companys common stock for $3.00 per share in cash, following SilverCapes prior unsolicited, non-binding, and conditional proposal of $4.00 per share made on December 11, 2025.
Consistent with its fiduciary duties, the Board, with the assistance of its financial and legal advisors, will carefully evaluate the proposal to determine the course of action that... More
