Over 99% of Mad Paws Votes Cast in Favor of Rover Group Takeover
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.
- Over 99% of votes cast in favor of the acquisition scheme
- Scheme subject to court approval and conditions precedent
- Shareholders to receive $0.14 per share upon scheme implementation
- Trading suspension on ASX expected from 3 November 2025
- Scheme implementation and payment anticipated by 11 November 2025
Shareholder Approval Signals Major Transaction Progress
Mad Paws Holdings Limited (ASX – MPA), Australia's leading online pet services platform, has secured decisive shareholder approval for its acquisition by US-based Rover Group, Inc. At a scheme meeting held on 24 October 2025, an overwhelming 99.91% of votes cast supported the proposed acquisition, reflecting strong investor confidence in the deal.
This milestone marks a critical step forward in the transaction process, which remains subject to several conditions precedent and final court approval scheduled for 3 November 2025. If these hurdles are cleared, the scheme will become legally effective, triggering the next phase of the acquisition.
What the Deal Means for Mad Paws and Its Shareholders
Under the terms of the scheme, Mad Paws shareholders will receive $0.14 per share, payable on 11 November 2025, following the scheme record date of 6 November. The acquisition will see Mad Paws delisted from the ASX, with trading expected to be suspended from the close of trading on 3 November.
Mad Paws operates a robust pet services ecosystem that connects over 300,000 active pet owners with 70,000 registered carers across Australia. The platform facilitated more than 400,000 transactions last year, underscoring its dominant position in the $30 billion Australian pet market. The acquisition by Rover Group, a global leader in pet care services, is poised to accelerate growth and innovation within this expanding sector.
Looking Ahead – Conditions and Court Approval
While shareholder endorsement is a strong vote of confidence, the acquisition still hinges on satisfying outstanding conditions precedent and obtaining court approval. These steps introduce some execution risk and timing uncertainty, but the company has indicated that it will keep the market informed of any changes to the timetable.
Mad Paws’ management, including CEO Justus Hammer and CFO Graham Mason, have expressed optimism about the transaction’s benefits for shareholders and the broader pet services community. The deal aligns with Mad Paws’ purpose-driven mission to enhance pet owners’ experiences throughout the pet lifecycle.
Bottom Line?
With shareholder approval secured, all eyes now turn to the court’s final nod and the imminent transformation of Mad Paws under Rover’s ownership.
Questions in the middle?
- Will the court approve the scheme without modifications or conditions?
- How will Rover Group integrate Mad Paws’ platform and community post-acquisition?
- What impact will the acquisition have on Mad Paws’ growth trajectory and service offerings?
