This is how PetSmart was able to acquire Chewy

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Earlier this spring, Phoenix-based pet retailer PetSmart acquired South Florida-based online pet product retailer in a deal estimated to cost $3.35 billion — more than a third of PetSmart's estimated worth. Though experts said that the acquisition could pay off for PetSmart, if the company leaves unchanged, that is, PetSmart just pulled off a big move to help finance the acquisition. PetSmart announced Friday it intends to offer $1.350 million in aggregate principal amount...

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