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    Home»Business»Blackstone, TPG near Hologic deal for more than US$17 billion
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    Blackstone, TPG near Hologic deal for more than US$17 billion

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    The parties are currently discussing a price of above US$75 a share, according to sources

    [NEW YORK] Blackstone and TPG are in advanced negotiations to acquire Hologic in a deal that could value the medical device maker at more than US$17 billion, including debt, according to sources familiar with the matter.

    A transaction could be announced in the coming days, said the sources, who asked not to be identified because the talks are private. The parties are currently discussing a price of above US$75 a share, they said.

    Hologic shares jumped about 6 per cent in late trading after Bloomberg reported on the discussions. They had closed 2 per cent higher at US$69.85 on Friday (Oct 17) in New York, giving the company a market value of about US$15.5 billion.

    A final agreement has not been reached and the talks could still fall apart, the sources said.

    Representatives of Blackstone and TPG declined to comment, as did a spokesperson for Marlborough, Massachusetts-based Hologic.

    Bloomberg News reported last month that the private equity firms had reengaged with the company’s board.

    SEE ALSO

    Blackstone recently has upsized its loan to Dropbox, while a group of private credit lenders led by BlackRock are set to refinance Syndigo’s bank debt.

    Hologic is focused on women’s health and develops diagnostic solutions for breast and cervical cancer, as well as infectious diseases such as Covid-19.

    Any deal for the company could end up becoming one of the biggest private equity takeovers globally this year, according to data compiled by Bloomberg. BLOOMBERG

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