Hedge fund Jana Partners, which has been pushing for a sale of the pet supply company citing poor financial performance in the last year, received anonymous documents that appear to have persuaded PetSmart into considering a deal. Competitor Petco or a private equity firm is looking to bid on the company.
On the company’s second-quarter earnings call, CEO Jeff Bewkes acknowledged that HBO GO has stiff competition in Netflix — and that the former will likely take a page from Netflix’s book in the future.
During the company’s second quarter earnings call, CEO Michael Johnson defended Herbalife’s earnings miss and recent hiring of a government affairs official by sharing his grand vision for its future. The comments come a week after Bill Ackman’s Herbalife presentation in New York at which he vehemently insisted the company was a giant pyramid scheme.
The CEO of SFX Entertainment, which went public in October, was caught on camera earlier this week leaving a plane flicking off photographers and grabbing his private parts. An analyst questioned his sanity on a conference call yesterday.