-
Report: KKR withdraws from Jones Group bidding
New York – Private equity firm KKR & Co. LP has reportedly dropped out of the auction for Jones Group Inc. According to Reuters, KKR, in partnership with private equity group Sycamore Partners LLP, was the only entity trying to buy the entire Jones Group company.
Bidding continues on parts of Jones Group and the company is soliciting new bids. It is not clear whether Sycamore Group will continue to bid on part or all of Jones Group and KKR, Sycamore Group and Jones Group did not comment in the article. -
PetSmart increases quarterly dividend
PetSmart's board of directors has approved a motion to increase the company's quarterly dividend by 18% from $0.16 to $0.19 per share beginning in the third quarter.
The dividend of $0.195 will be paid Nov. 15 to stockholders of record at the close of business Nov. 1. This is equivalent to an annual rate of $0.78 per share.