William Blair analyst Andrew Brackmann downgraded Hologic (HOLX) to Market Perform from Outperform after the company agreed to be acquired by funds managed by Blackstone (BX) and TPG (TPG) in a transaction valued at up to $79 per share, representing an enterprise value of up to $18.3B.
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Read More on HOLX:
- Hologic Announces Acquisition Agreement with Blackstone and TPG
- Hologic’s Acquisition by TPG and Blackstone: Hold Rating Amid Lower Valuation and Antitrust Concerns
- Hologic trading resumes
- Hologic to be acquired by Blackstone for $18.3B
- Hologic to be acquired by Blackstone, TPG for up to $79 per share