PetSmart Rallies On Longview Stake; Does Jana Have Safeway in Mind?Mark Melin
PetSmart, Inc. (NASDAQ:PETM) shares are up 2.3 percent on the day after Longview Asset Management revealed a stake in the firm. Longview’s investment comes on the heals of Barry Rosenstein’s Jana Partners establishing a stake in PetSmart and sharks may be smelling blood in the water.
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