Business
Diveroli Investment Group Files 13D in PetMed Express, Highlights Strategic Value, Asset Floor, and Multiple Takeover Pathways
MIAMI BEACH, FLORIDA / ACCESS Newswire / February 12, 2026 / Diveroli Investment Group ("DIG") today announced that it has filed a Schedule 13D with the U.S. Securities and Exchange Commission disclosing a significant ownership position in PetMed ...
About this update from Petmed Express, Inc.
[{"type":"text","content":"MIAMI BEACH, FLORIDA / ACCESS Newswire / February 12, 2026 / Diveroli Investment Group ("DIG") today announced that it has filed a Schedule 13D with the U.S. Securities and Exchange Commission disclosing a significant ownership position in PetMed Express, Inc. ("PetMed" or the "Company").","length":319,"tagName":"p"},{"type":"text","content":"DIG believes PetMed's current share price is materially disconnected from the Company's intrinsic value. With multiple acquisition proposals on the table, significant hard assets on the balance sheet, no long-term debt, and a nationally recognized brand operating in a $165+ billion U.S. pet industry, DIG is calling on PetMed's Board of Directors to act decisively in the best interests of all shareholders.","length":420,"tagName":"p"},{"type":"text","content":"In late 2025, PetMed received multiple unsolicited, all-cash acquisition proposals at prices well above the current trading level, including a $4.25 per share proposal from Cardone Ventures and a $4.00 per share proposal from SilverCape Investments, underscoring the strategic value of the Company's platform, brand, and customer base.","length":339,"tagName":"p"},{"type":"text","content":""With multiple cash proposals, it's clearly an attractive target for acquirers," said DIG Chief Investment Officer Aharon Diveroli. "When private capital is willing to pay 40% premiums, it's incumbent on management to explain why shareholders should wait."","length":284,"tagName":"p"},{"type":"text","content":"Beyond the existing proposals, DIG believes the situation could attract additional interest. M&A research spanning 30 years shows that in 20-30% of unsolicited bid situations, a third-party ‘White Knight' ultimately acquires the target at a higher price once valuation gaps become clear. PetMed's nationally licensed pharmacy platform, fulfillment infrastructure, and established customer base may appeal to potential bluechip acquirers like Amazon, as well as experienced consolidators like Chewy and Tractor Supply, both of which have expanded through prior pet-focused acquisitions.","length":597,"tagName":"p"},{"type":"text","content":"PetMed's 184,000+ square foot headquarters and fulfillment center in Delray Beach, Florida - acquired in 2016 for $18.5 million...