Seattle-based publicly traded pet sitting giant Rover announced that its $2.3 billion acquisition to Blackstone took a key step toward completion as the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has now expired.
- The Act requires companies to report large transactions to the FTC and DOJ before they are completed.
- Rover still needs approval from its stockholders and adoption of the merger agreement.
- The deal was originally announced Nov. 29. Rover said last month that it did not receive alternative acquisition proposals during a 30-day “go shop” period following the initial merger announcement.
