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Hologic to go private in up to $18.3 billion deal backed by Blackstone, TPG
Yahoo Financeยท 2025-10-21 13:12
Core Viewpoint - Blackstone and TPG are set to acquire Hologic for up to $18.3 billion, marking a significant healthcare take-private transaction in 2023 [1] Group 1: Acquisition Details - The acquisition price is $76 per share in cash, representing a nearly 6% premium over Hologic's last closing price [1] - Shareholders may receive a non-tradable right to an additional $3 per share, contingent on achieving specific global revenue targets for the breast health business in fiscal years 2026 and 2027, potentially raising the total payout to $79 per share [2] Group 2: Company Performance - Hologic specializes in women's health diagnostics, including breast and cervical cancer screening and infectious disease testing [2] - The company has experienced steady growth in its molecular diagnostics business but has indicated ongoing weakness in the breast health segment [3] Group 3: Transaction Timeline - The deal is anticipated to close in the first half of 2026 [3]