PetIQ stockholders vote to approve merger agreement to be acquired by Bansk

PetIQ (PETQ) announced that at its virtual Special Meeting of Stockholders approximately 80% of its outstanding shares of common stock voted to approve the adoption of the definitive merger agreement pursuant to which Bansk Group will acquire all of the outstanding shares of PetIQ’s common stock for $31.00 per share, in an all-cash transaction valued at approximately $1.5B. Upon completion of the proposed transaction, PetIQ’s common stock will no longer be listed on the Nasdaq, and PetIQ will be privately held and continue to be operated independently by the company’s executive team.