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Rover Group Inc - ROVR STOCK NEWS

Welcome to our dedicated page for Rover Group news (Ticker: ROVR), a resource for investors and traders seeking the latest updates and insights on Rover Group stock.

Rover Group, Inc. (Nasdaq: ROVR), the world's largest online marketplace for pet care services, provides investors and industry observers with timely updates through this dedicated news hub. Track official announcements including strategic partnerships, financial performance, and operational developments impacting the pet care sector.

This resource centralizes Rover's press releases, SEC filings, and market-moving updates to help stakeholders make informed decisions. Key coverage areas include corporate milestones, service expansions, leadership changes, and regulatory disclosures. All content is sourced from verified channels to ensure accuracy and compliance.

Visitors will find updates on Rover's partnership with Blackstone, operational strategies for its global pet care network, and innovations in digital pet care solutions. The page serves as both a historical archive and real-time alert system for material developments.

Bookmark this page for streamlined access to Rover's evolving story in the $200B+ global pet care industry. Combine regular visits with monitoring of Rover's Investor Relations resources for comprehensive market understanding.

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Rover Group, Inc. completes a $2.3 billion acquisition by Blackstone, offering $11.00 per share to stockholders, leading to delisting from Nasdaq. The partnership aims to enhance Rover's growth and innovation in the pet care market.
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Rover Group, Inc. (ROVR) announced that the waiting period under the HSR Act for its acquisition by Blackstone Inc. has expired, bringing the deal closer to closing. The acquisition is still subject to other customary closing conditions, including approval by Rover stockholders.
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Rover Group, Inc. (Nasdaq: ROVR) announced the expiration of the 30-day 'go-shop' period under the terms of the previously announced merger agreement with Blackstone Inc. The acquisition is valued at approximately $2.3 billion and is expected to close in the first quarter of 2024, subject to customary closing conditions and approval by Rover stockholders.
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Rover Group, Inc. (Nasdaq: ROVR) has agreed to be acquired by Blackstone in an all-cash transaction valued at approximately $2.3 billion, with stockholders receiving $11.00 per share in cash, representing a 61% premium over the 90 trading-day VWAP. The acquisition aims to support Rover's growth and expansion initiatives, enabling it to further accelerate investment priorities and expand its global footprint.
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Rover Group, Inc. (ROVR) Announces Participation in D.A. Davidson Technology Summit on November 16, 2023
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Rover Group, Inc. reported impressive third-quarter financial results, with revenue reaching $66.2 million, a 30% increase YoY. The company achieved a GAAP net income of $10.5 million compared to a net loss of $15.5 million in Q3 2022. Adjusted EBITDA also improved to $17.5 million, up from $10.2 million in the same period last year. In addition, Rover raised its full-year 2023 guidance and approved an extension of its share repurchase program with an additional $100 million.
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Rover Group, Inc. to report third quarter 2023 financial results
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Rover Group, Inc. announces presentation at Jefferies Virtual Pet Care & Wellness Conference on Sept. 28, 2023.
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Rover Group, Inc. (Nasdaq: ROVR) will be presenting and hosting one-on-one meetings at investor conferences. The presentations will be available via live webcast on Rover’s investor relations website. Rover encourages investors to review the information it makes public on its website and social media channels.
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Rover Group, Inc. reported a strong second quarter with a 35% increase in revenue and bottom line margin expansion. The company's European markets are also showing progress. The company raised its full year 2023 guidance, expecting increased revenue and adjusted EBITDA. They anticipate revenue in the range of $222-$227 million and adjusted EBITDA in the range of $37-$41 million. The company has also implemented a share repurchase program, repurchasing approximately 5.6 million shares for $26 million.
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Rover Group Inc

Nasdaq:ROVR

ROVR Rankings

ROVR Stock Data

2.00B
161.82M
3.08%
89.23%
1.73%
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