Investors have filed a class action lawsuit to block two private equity firms’ plans to acquire breast imaging vendor Hologic for $18.3 billion. The Marlborough, Massachusetts-based mammography systems manufacturer revealed details about the litigation in a filing with the U.S. Securities and Exchange Commission on Monday. Plaintiffs charge that Hologic has omitted key information from public disclosures about the deal, violating New York laws, with attorneys hoping to stop the deal’s progress until more information is revealed. “Although the outcome of … cannot be predicted, the company believes that the allegations contained in these matters are without merit,” Hologic said in its Jan. 26 SEC filing.
Read the full article: Investors Sue to Block Private Equity Firms’ $18B Acquisition of Hologic //
Source: https://radiologybusiness.com/topics/healthcare-management/legal-news/investors-sue-block-private-equity-firms-18b-acquisition-hologic