Gregory P. Josefowicz

Shares of PetSmart, Inc. (NASDAQ: PETM) were trading higher following news of an agreement to be bought for about $8.7 billion, or $83 per share, by a group led by BC Partners. The transaction is expected to close in the first half of 2015. JANA Partners, led by Barry Rosenstein, had been...

PetSmart (NASDAQ: PETM) edged up in the extended session Tuesday after it confirmed a report earlier that it will explore a possible sale of the company. Separately, the company also posted second-quarter earnings that beat Street views with revenue in line with expectations. It also said it will...