NASDAQ:PDCO - Nasdaq - US7033951036 - Common Stock - Currency: USD
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Wall Street banks are stuck with $2.35 billion in debt for the buyout of Patterson Cos., the second time lenders have been on the hook for a big financing package since the Trump administration triggered a global trade war.
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Banks are lining up approximately $2.35 billion in debt to support the proposed leveraged buyout of Patterson Companies Inc., a supplier of everything from dental equipment to drugs for pets and livestock.
Over the past six months, Patterson Companies has been a great trade, beating the S&P 500 by 15.5%. Its stock price has climbed to $31.03, representing a healthy 27.7% increase. This performance may have investors wondering how to approach the situation.
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These 10 mid-cap stocks performed well last week. Are they in your portfolio? PDCO, NAMS, WBA, NVCR, RH, PTVE, CRK, RNW, ALK, STVN.
The company agreed to be acquired by Patient Square Capital in a deal that could reinvigorate the beleaguered dental space.