Hologic to go private in up to $18.3 billion deal backed by Blackstone, TPG

Big moves in the health tech landscape as Blackstone and TPG gear up to acquire Hologic, a frontrunner in medical diagnostics, for up to $18.3 billion. Each shareholder stands to gain $76 in cash per share, plus a possible extra $3 through a conti...

Hologic to go private in up to $18.3 billion deal backed by Blackstone, TPG
Blackstone and TPG have agreed to acquire medical diagnostics firm Hologic in an up to $18.3 billion deal, it said on Tuesday.

Under the agreement, Blackstone and TPG will pay $76 per share in cash, a premium of nearly 6% to Hologic's last closing price, in one of the largest healthcare take-private deals this year.

Hologic shareholders are also eligible to receive a non-tradable contingent value right of up to $3 per share in two payments of up to $1.50 each, it said.
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