PetMed Express (PETS) Stock: $4 Takeover Proposal Sparks Surge — News, Forecasts, and Key Risks on Dec. 12, 2025
PetMed Express shares surged 68% to close at $2.98 Thursday after confirming an unsolicited, non-binding $4-per-share cash buyout proposal from Singapore’s SilverCape Investments. Trading volume topped 105 million shares, far above average. SilverCape disclosed its offer in an SEC filing and owns about 12% of PetMed. The board is reviewing the bid; no shareholder action is required yet.