Health
Patterson Agrees to $2.8 Billion Takeover by Patient Square
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Patterson Cos. said it agreed to be bought by private equity firm Patient Square Capital in a deal worth $2.8 billion in cash.
The purchase price of $31.35 a share is 36% higher than Patterson’s closing price of $23.11 on Tuesday. Shares in the dental and animal health company rose 34% in premarket trading after the news was announced Wednesday.