BARK Stock Plummets After Rejecting Acquisition Offer

LootboxPhobia · 2026-03-21T02:09:27+00:00

BARK Inc stock plummeted 21.6% on Friday after rejecting a takeover proposal and ending its strategic review. The special committee determined that the proposal failed to adequately reflect the company's value, deciding instead to focus on an independent strategy to achieve long-term value, disappointing investors.

LootboxPhobia

2026-03-21 02:09:27

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Investing.com – BARK Inc (NYSE:BARK) stock fell 21.6% on Friday after the company announced it had rejected an acquisition proposal and ended its strategic review process.

The pet products company stated that its special committee decided not to engage in a transaction with GNK/Lemonis Group. The group had submitted an unsolicited preliminary non-binding proposal on January 14, 2026, to acquire all of the group’s outstanding shares not already owned. The special committee believed that the proposal did not adequately reflect the company’s value.

BARK also disclosed that another acquisition proposal from an entity called Great Dane Ventures, composed of certain company shareholders, had been withdrawn. Great Dane submitted its unsolicited preliminary non-binding proposal on January 9, 2026.

The special committee decided to conclude the current review process, stating that executing the company’s independent strategy is the best way to maximize long-term shareholder value. BARK said the company remains open to evaluating strategic opportunities that could enhance shareholder value but will focus on strictly executing its strategy to drive sustainable growth and profitability.

The decision to reject these proposals and end the strategic review process appears to have disappointed investors, who may have been expecting a premium takeover offer.

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