Form 4: Patterson Companies Director Disposes of Shares in Merger Transaction

Director Pamela J Tomczik reports the disposition of Patterson Companies shares following the completion of a merger, where each share was converted to $31.35 in cash.

Summary

• Pamela J Tomczik, a director of Patterson Companies, Inc., reported the disposition of 7,820 shares of common stock on April 17, 2025, due to the completion of a merger.
• The merger, as per the agreement dated December 10, 2024, involved Patterson Companies, Paradigm Parent, LLC, and Paradigm Merger Sub, Inc.
• Upon closing of the merger, each outstanding share of Patterson Companies was converted into the right to receive $31.35 in cash, less applicable withholding taxes.
• The disposition of equity securities by the reporting person in connection with the merger was approved by Patterson's Board of Directors for purposes of Rule 16b-3 of the Exchange Act.

Sentiment

Score: 7

Explanation: The document reports a completed merger transaction, which is generally a neutral event. The sentiment is slightly positive as the transaction has been finalized.

Future Outlook

The document does not contain any specific forward-looking statements beyond the completion of the merger transaction.

Management Comments

• Patterson's Board of Directors approved the disposition of all equity securities by the Reporting Person in connection with the merger for purposes of Rule 16b-3 of the Exchange Act.

Industry Context

This announcement reflects a completed merger transaction, which is a common occurrence in the corporate world. The conversion of shares to cash at a specified price is typical in such mergers.

Comparison to Industry Standards

• Merger transactions where shares are converted to cash are standard practice.
• The specific cash consideration of $31.35 per share would need to be compared against industry averages and precedent transactions to assess its favorability.

Stakeholder Impact

• Shareholders received $31.35 in cash for each share they held.
• The merger's completion impacts the company's structure and future operations.

Key Dates

Keywords

Merger, Patterson Companies, Share Disposition, Form 4, Director, PDCO, Securities, Transaction