Pondera seeks to cash out of Whisker at $1 billion valuation, sources say
By Abigail Summerville NEW YORK (Reuters) – Investment firm Pondera Holdings is exploring options for Whisker, including a sale of its controlling stake that could value the maker of self-cleaning cat litter boxes at close to $1 billion, according to people familiar with the matter. A deal would likely lead to the recapitalization of Whisker, with new debt and equity refinancing its capital structure, said the sources, who requested anonymity as the discussions are confidential. … Read more…