Patterson Companies, Inc. (Nasdaq: PDCO), a leading dental and animal health distributor, announces that it has entered into a definitive agreement to be acquired by Patient Square Capital (Patient Square), a dedicated health care investment firm. Under the terms of the agreement, Patterson shareholders will receive $31.35 in cash per share, representing an approximately 49% premium to Patterson’s 30 calendar day volume-weighted average price (VWAP) ending December 4, 2024 (the last trading day prior to Patterson announcing the evaluation of strategic alternatives), or a transaction value of approximately $4.1 billion, including the refinancing of Patterson’s receivables facilities.
Read the full article: Patterson Companies Announces Definitive Agreement to Be Acquired by Patient Square Capital for $31.35 Per Share in Cash //
Source: https://www.businesswire.com/news/home/20241210204166/en/Patterson-Companies-Announces-Definitive-Agreement-to-Be-Acquired-by-Patient-Square-Capital-for-31.35-Per-Share-in-Cash