Oklo stock tumbles as Financial Times scrutinizes valuation
Investing.com -- Hologic Inc. (NASDAQ:HOLX) stock rose 4.5% Monday following a Bloomberg report that private equity firms Blackstone Inc. (NYSE:BX) and TPG Inc. (NASDAQ:TPG) are in advanced talks to acquire the medical device maker.
According to people familiar with the matter cited in the Friday night report, the parties are discussing a price above $75 per share, which would value Hologic at more than $17 billion including debt. The deal could be announced in the coming days.
The potential acquisition would mark a significant transaction in the medical device sector. Hologic, known for its diagnostic, surgical, and medical imaging products focused on women’s health, has become an attractive target for the private equity giants.
The reported acquisition price represents a premium to Hologic’s trading price before news of the potential deal emerged. Trading activity on Monday reflected investor optimism about the possible transaction, with shares climbing on higher-than-average volume.
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