Hologic rises after media reports Blackstone, TPG nearing $17 billion deal for co

TPG

20/10/2025 14:15

** Shares of medical device maker Hologic HOLX.O rise 4.6% to $73.05 premarket

** Private equity firms Blackstone BX.N and TPG TPG.O are in advanced negotiations to acquire HOLX, valuing it at more than $17 billion including debt, Bloomberg News reports, citing people familiar with the matter

** A deal could be announced as early as next week - Bloomberg

** The PE firms had revived their interest in acquiring HOLX in what could be one of the largest healthcare take-private deals this year, a person close to the transaction told Reuters in September

** Its CEO could receive more than $40 million in stock and cash in the event of a change of control, according to compensation terms outlined in a company filing earlier this year

** Up to last close, stock down 3.1% YTD

(Reporting by Puyaan Singh)

((Puyaan.Singh@thomsonreuters.com;))