Patterson Companies, Inc. announces an Equity Buyback for $500 million worth of its shares.
March 12, 2024 at 05:31 pm IST
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Patterson Companies, Inc. (NasdaqGS:PDCO) announces a share repurchase program. Under the program, the company will repurchase up to $500 million worth of its common stock. The program will expire on March 16, 2027.
Patterson Companies, Inc. is a value-added specialty distributor serving the United States and Canadian dental supply markets and the United States, Canadian and United Kingdom animal health supply markets. The Companyâs segments include Dental, Animal Health and Corporate. Its Dental segment provides consumable products (including infection control, restorative materials, and instruments); basic and advanced technology and dental equipment, and practice optimization solutions, including practice management software, e-commerce, revenue cycle management, patient engagement solutions, and clinical and patient education. Its Animal Health segment is a full-line distributor in North America and the United Kingdom of animal health products, services and technologies to both the production-animal and companion-pet markets. It offers a private label portfolio of products to veterinarians, producers, and retailers through its Aspen, First Companion and Patterson Veterinary brands.