Hologic jumps after report of rejected $16 bln TPG-Blackstone buyout offer

Hologic

27/05/2025 18:23

** Shares of medical device maker Hologic HOLX.O rise 14% to $61.85 in afternoon trading

** HOLX has rejected a $16 billion non-binding offer from private equity firms TPG TPG.O and Blackstone BX.N to take the company private, the Financial Times reports, citing people familiar with the matter

** The deal valued HOLX's shares at $70 to $72, the report added, around 30% premium to its last closing price of $54.28

** Despite rejecting the offer, there is still a chance that deal talks could be revived in the future - FT

** Including session's moves, stock down 6.6% YTD

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))