PDCO Stock Gains on the News of Acquisition Deal With Patient Square
PDCOPatterson panies(PDCO) ZACKS·2024-12-16 21:55

Patterson Companies (PDCO) recently announced that it has entered into a definitive agreement to be acquired by Patient Square Capital (Patient Square), a dedicated healthcare investment firm.Patterson’s shareholders will receive $31.35 in cash per share per the acquisition agreement with Patient Square, indicating a 49% premium over its 30-day volume-weighted average price as of Dec. 4, 2024. The total transaction is valued at approximately $4.1 billion, including the refinancing of Patterson’s receivables ...