PetMeds says SilverCape proposes USD 3-a-share buyout offer

PetMed Express, Inc.

PetMed Express, Inc.

PETS

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  • PetMed Express received an unsolicited proposal from SilverCape Investments to buy all outstanding shares for USD 3 per share in cash.
  • The bid follows SilverCape’s prior USD 4 per share approach made on Dec. 11, 2025.
  • The board is reviewing the latest proposal with financial and legal advisers.
  • SilverCape declined to sign a nondisclosure agreement with a customary standstill provision during the company’s outreach process, ending talks on April 21, 2026.
  • The board indicated it is prepared to engage if SilverCape signs an NDA that includes a standstill provision.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PetMed Express Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606300915PRIMZONEFULLFEED9754751) on June 30, 2026, and is solely responsible for the information contained therein.

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