QuidelOrtho falls as Carlyle to offload remaining stake
19/11/2024 22:21
** Shares of QuidelOrtho Corp QDEL.O down 6.4% at $36.10 in
extended trading as Carlyle Group CG.O to divest its
remaining ~12% stake
** Medical diagnostics firm launches ~8.3 mln share secondary
offering by the private equity giant
** QDEL has ~67.3 mln shares outstanding for $2.6 bln market
cap
** Goldman Sachs sole underwriter for offering
** QDEL shares on Tues closed up 3.2% at $38.58
** YTD, stock has lost ~48% vs Nasdaq's .IXIC 26% advance
(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper.thomsonreuters.com@reuters.net
lance.tupper@tr.com 1-646-279-6380))