PetSmart Succumbs To Jana Advances, Open To Sale

It looks like Barry Rosenstein can put another notch on his bed post, as PetSmart, Inc. (NASDAQ:PETM), the subject of his recent desire, appears to be succumbing to his relentless advances.

PetSmart exploring strategic alternatives

A Goldman Sachs report out yesterday hiked its target on PetSmart, Inc. (NASDAQ:PETM) to “contextualize M&A scenarios,” as the retail chain announced it is exploring strategic alternatives, including the sale of the company.

As previously reported in ValueWalk on several occasions, Jana Partners, the activist hedge fund run by Rosenstein, which took a 9.8 percent stake in the firm, had...