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Hologic reportedly rejects $16B go-private offer from TPG, Blackstone

Published: 15:16 27 May 2025 EDT

Blackstone Inc - Hologic reportedly rejects $16B go-private offer from TPG, Blackstone

TPG and Blackstone Inc (NYSE:BX), two private equity firms, have made a non-binding offer of more than $16 billion to take medical equipment-maker Hologic Inc (NASDAQ:HOLX) private, according to a media report from the Financial Times.

Citing people with knowledge of the matter, the publication said Massachusetts-based Hologic has rejected the offer.

The offer would have valued the group at $16.3 billion to $16.7 billion, including debt, the sources said.

It prices Hologic’s shares at between $70 and $72, a premium to its closing price on Friday of about $54.

Despite rejecting the deal, sources said there was a possibility that deal talks could resume.

Shares of Hologic surged on the news, adding 13% at about $61 on Tuesday afternoon.

Neither Hologic, TPG nor Blackstone have publicly commented on the offer or its rejection.

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