Patterson Companies (PDCO) shareholders have approved the company's acquisition by healthcare investment firm Patient Square Capital.

The transaction is expected to close later in the month, Patterson said Tuesday.

Upon completion, the company will become privately held, and its stock no longer traded on the Nasdaq Global Select Market.

Under the terms of the acquisition agreement, Patterson shareholders will receive $31.35 in cash per share of common stock.

Price: 31.27, Change: +0.03, Percent Change: +0.08