Roark is offering CAN$13.68 (US$11.77) per share. The shares last traded on the Toronto Stock Exchange on July 7 for CAN$13.49 (US$11.60).
As part of the agreement, Pet Valu CEO Geoffrey Holt will retire when the transaction is completed, which is expected sometime in the third quarter.
By Lindsay Beaton
As work continues on creating a new nutrition label that focuses on simplifying information for consumers, challenges remain.
By Tang Yu