Shares of Hologic (HOLX) jumped after the Financial Times reported TPG and Blackstone (BX) made an approach to take the company private for more than $16B, according to people familiar with the matter. The proposed deal would value Hologic’s shares at $70 to $72, according to the FT. Shares of Hologic are up 7% to $58.21 following the report.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HOLX:
- Hologic trading halted, volatility trading pause
- Hologic price target lowered to $70 from $77 at Stephens
- Hologic price target lowered to $65 from $77 at Morgan Stanley
- Hologic’s Hold Rating: Balancing Growth in Diagnostics with Challenges in Breast Health and Geopolitical Pressures
- Hologic’s Financial Outlook: Hold Rating Amid Revenue Decline and Tariff Challenges