Mad Paws Board Unanimously Recommends Approval of Rover Acquisition Scheme
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.
- Scheme Booklet dispatched to Mad Paws shareholders
- Independent expert deems the acquisition fair and reasonable
- Mad Paws Board unanimously recommends voting in favour
- Shareholder meeting scheduled for 24 October 2025
- Voting available both in-person and online
Mad Paws Advances Acquisition Process
Mad Paws Holdings Limited (ASX, MPA) has taken a significant step forward in its proposed acquisition by Rover Group, Inc., dispatching the Scheme Booklet to its shareholders. This document is a critical piece of the acquisition puzzle, providing detailed information about the scheme of arrangement under which Rover aims to acquire 100% of Mad Paws' shares.
The Scheme Booklet, now available on both the ASX and Mad Paws’ investor websites, includes an independent expert’s report from Stantons Corporate Finance Pty Ltd. The report concludes that the scheme is fair and reasonable and in the best interests of Mad Paws shareholders. This endorsement adds weight to the board’s unanimous recommendation to vote in favour of the deal, subject to no superior proposals emerging.
Board Support and Shareholder Engagement
The Mad Paws Board members collectively hold approximately 6.68% of the company’s shares and have committed to voting their shares in favour of the scheme. This unified stance from the board signals confidence in the transaction’s value proposition and strategic fit.
Shareholders have multiple ways to receive the Scheme Booklet and participate in the upcoming vote. Those who opted for postal communications will receive hard copies along with proxy forms, while others will access the materials electronically or via notice of access letters. The company has also arranged for a hybrid Scheme Meeting on 24 October 2025, allowing shareholders to attend in person in Sydney or participate online, ensuring broad accessibility.
What’s Next for Mad Paws Shareholders
As the vote approaches, shareholders are encouraged to review the Scheme Booklet thoroughly, including the independent expert’s analysis, before casting their votes. The outcome of this vote will determine whether the acquisition proceeds, potentially reshaping Mad Paws’ future within the growing Australian pet services market.
Mad Paws operates Australia’s leading online pet services marketplace, connecting over 300,000 active pet owners with a network of 70,000 registered pet carers. The company has facilitated more than 2 million pet care services since inception, positioning it as a dominant player in a $30 billion market. The acquisition by Rover Group could accelerate growth and innovation within this ecosystem.
Investors and market watchers will be closely monitoring the shareholder vote and any competing proposals that might emerge before the meeting. The dispatch of the Scheme Booklet marks a pivotal moment in this transaction’s timeline, setting the stage for the next chapter in Mad Paws’ corporate journey.
Bottom Line?
The shareholder vote in October will be the defining moment for Mad Paws’ acquisition by Rover Group, with significant implications for the company’s future.
Questions in the middle?
- Will any superior proposals emerge before the shareholder vote?
- How will the market react if the scheme is approved or rejected?
- What strategic changes might Rover Group implement post-acquisition?
