Patterson Companies to go private in $4.1 bln deal

Patterson Companies

11/12/2024 12:33

** Dental and animal health distributor Patterson Companies
 PDCO.O  agrees to be acquired by healthcare investment firm
Patient Square Capital in a deal valued at about $4.1 billion
    ** Share trading of PDCO were halted during premarket hours
    ** Under deal terms, co's shareholders will receive $31.35
per share in cash, which represents 35.7% premium to PDCO's last
close
    ** PDCO will become a privately held company upon deal
completion, which is expected in the Q4 of co's fiscal 2025
    ** Up to last close, shares down ~18% YTD

 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.Chaudhary@thomsonreuters.com))