PetSmart, pet supply retailer is being acquired by a group of investors who are being led by BC Partners for $8.7 billion. It will be this year's biggest private equity deal.
On Sunday, the companies said that BC Partners, which is a London-based buyout shop, will be leading the group that will pay for acquiring the retailer dealing with pet-supplies.
On Friday, some of the major stock indexes fell with the dropping crude oil main benchmark, which dipped to lower than $60 per barrel. This is the lowest point the index has seen since the Great Recession hit the economy. The analysts are stunned by the free fall and are trying to look for a bottom.
It's time to hurry for those who plan to enrol well in time during the first deadline for Affordable Care Act health plans.
Jill Hanken, who is an attorney with the Virginia Poverty Law Center said, "Open enrolment continues through Feb. 15, but to have coverage in place by January 1, the enrolment needs to be completed by Monday."
Walgreen Co. the biggest drugstore chain in the U. S said that it's President and Chief Executive Officer, Gregory D. Wasson will retire only after the company concludes its acquisition of Alliance Boots, which is a British pharmacy chain. This decision was taken by the company after a string of events which tested investor confidence in the renowned drugstore chain.
The long time CEO of Abercrombie & Fitch, Michael Jeffries is retiring from his position. Though it is not clear whether it was his chosen decision or some move, he was forced to take, but this retirement could prove beneficial for the company. A&F has been a onetime hip teen clothing chain that is now struggling to get back its popularity.
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