Dental products maker Patterson to go private in $4.1 bln deal (updated)

Patterson Companies

11/12/2024 12:17

(Adds details on the deal in paragraph 2, background in
paragraph 3 and share move in paragraph 4)
       Dec 11 (Reuters) - Patterson Companies  PDCO.O  said on
Wednesday it had agreed to be acquired by health investment firm
Patient Square Capital for about $4.1 billion.
    The go-private deal for $31.35 per share represents a
premium of 35.7% to the stock's last close. 
    Earlier this month, Patterson said it was evaluating
strategic alternatives including a sale or merger after lowering
its annual profit forecast.
    Shares of the company, down more than 18% this year, were
halted during premarket hours. 

 (Reporting by Christy Santhosh in Bengaluru; Editing by Shilpi
Majumdar and Sriraj Kalluvila)
 ((Christy.Santhosh@thomsonreuters.com;))