Latest Pet Services Marketplace News

Rover Group has completed its acquisition of Mad Paws, marking the pet services marketplace’s exit from the ASX with shareholders paid $0.14 per share.

Mad Paws Holdings has secured court approval for its acquisition by Rover Group, marking a key milestone with trading suspension imminent and cash payouts scheduled.

The Supreme Court of New South Wales has approved Rover Group’s acquisition of Mad Paws, marking a pivotal moment for Australia’s leading pet services marketplace. The scheme will become effective this week, triggering share suspension and a new chapter for Mad Paws.

Mad Paws shareholders have overwhelmingly approved the acquisition by Rover Group, setting the stage for a significant shift in Australia's leading pet services marketplace.

Mad Paws Holdings Limited convened a pivotal Scheme Meeting to seek shareholder approval for its $61.5 million acquisition by Rover Group, Inc., with the Board unanimously backing the deal. Key conditions precedent have been met, setting the stage for final court approval and scheme implementation in November.

Mad Paws Holdings has sent out the Scheme Booklet to shareholders detailing the proposed acquisition by Rover Group, with the board unanimously backing the deal. Shareholders are set to vote on the scheme in late October.

Mad Paws Holdings Limited (ASX – MPA) shareholders are invited to vote on a Scheme of Arrangement for the acquisition of 100% of Mad Paws by Rover Group, Inc. at $0.14 cash per share. The Mad Paws Board unanimously recommends approval, supported by an Independent Expert’s Report deeming the deal fair and reasonable.

Mad Paws Holdings has secured Foreign Investment Review Board approval for Rover Group’s full acquisition scheme, with the board unanimously recommending shareholder support.

Mad Paws Holdings reported a $12.27 million loss for FY25, deepening from last year, as it divests its Pet Chemist business and agrees to a $62 million acquisition by Rover Group.

Mad Paws Holding Limited has agreed to be acquired by US-based Rover Group for $62 million, with shareholders set to receive a significant premium. The deal includes divestment of Mad Paws’ Pet Chemist business and closure of other e-commerce operations.

Mad Paws Holdings Limited reported a resilient Q3 FY25 with an 8% rise in Group Cash EBITDA despite a 6% dip in operating revenue, driven by marketplace strength and a major new brand campaign.

Mad Paws Holdings Limited has reported a strong Q2 FY25 with a 328% increase in cash EBITDA and a 16% rise in marketplace revenue, driven by a strategic above-the-line marketing campaign.