Medical equipment maker Hologic rejected an up to $16.7 billion non-binding offer from private equity firms TPG and Blackstone, the Financial Times reported on Tuesday, citing people familiar with the matter. While Hologic declined the offer, there is still a chance that the deal talks could be revived, the report added. The proposal, which could become one of the biggest leveraged buyouts of the year, would value Hologic’s shares between $70 and $72, an around 30% premium to Friday’s close of $54.28. Earlier this month, the Marlborough, Massachusetts-based company lowered its fiscal 2025 profit forecast, citing uncertainty around the tariffs imposed by U.S. President Donald Trump’s administration.
Read the full article: Hologic Rejects Over $16B Take-Private Proposal from TPG and Blackstone //
Source: https://www.msn.com/en-us/money/news/hologic-rejects-over-16-billion-take-private-proposal-from-tpg-and-blackstone-ft-reports/ar-AA1FAvfX