Patterson Companies shareholders approve acquisition by Patient Square

Patterson Companies (PDCO) announced that its shareholders approved at a special meeting the acquisition of Patterson by Patient Square Capital. Under the terms of the Agreement and Plan of Merger dated December 10, 2024, in connection with the merger contemplated thereby, Patterson shareholders will receive $31.35 in cash per share of common stock. Patterson expects the transaction to close later this month, subject to the satisfaction of certain customary closing conditions set forth in the Merger Agreement. Upon completion of the transaction, Patterson will become a privately held company, and its common stock will no longer be traded on the NASDAQ Global Select Market.