Blackstone Inc. and TPG Inc. are in advanced negotiations to acquire Hologic Inc. in a deal that could value the medical device maker at more than $17 billion including debt, according to people familiar with the matter.<\/p>\n
A transaction could be announced in the coming days, said the people, who asked not to be identified because the talks are private. The parties are currently discussing a price of above $75 a share, they said.<\/p>\n
Hologic shares jumped about 6 percent in late trading after Bloomberg reported on the discussions. They had closed 2 percent higher at $69.85 Friday in New York, giving the company a market value of about $15.5 billion.<\/p>\n
A final agreement hasn\u2019t been reached and the talks could still fall apart, the people said.<\/p>\n
Representatives of Blackstone and TPG declined to comment, as did a spokesperson for Marlborough, Massachusetts-based Hologic.<\/p>\n
Bloomberg News reported last month that the private equity firms had reengaged with the company\u2019s board.<\/p>\n
Hologic is focused on women\u2019s health, and develops diagnostic solutions for breast and cervical cancer, as well as infectious diseases like COVID-19. Any deal for the company could end up becoming one of the biggest private equity takeovers globally this year, according to data compiled by Bloomberg.<\/p>\n
With assistance from Manuel Baigorri.<\/p>\n","protected":false},"excerpt":{"rendered":"Blackstone Inc. and TPG Inc. are in advanced negotiations to acquire Hologic Inc. in a deal that could…\n","protected":false},"author":2,"featured_media":239153,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59],"tags":[9069,8450,26096,14955,122,59332,8084,59333,26097,939,9077,97,252,253,27252,11897,11898,7241,11902,11903,26098,2830,11906,19,25,24],"class_list":["post-239152","post","type-post","status-publish","format-standard","has-post-thumbnail","category-health-care","tag-american","tag-americas","tag-building","tag-buildings","tag-business-news","tag-corporate-finance","tag-earnings","tag-earns","tag-exteriors","tag-finance","tag-financial","tag-health","tag-health-care","tag-healthcare","tag-industries","tag-logo","tag-north-american","tag-sign","tag-signage","tag-signs","tag-stands","tag-u-s","tag-u-s-a","tag-united-states-of-america","tag-us","tag-usa"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/239152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=239152"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/239152\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/239153"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=239152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=239152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=239152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}