Hologic Stock (HOLX) Jumps as Blackstone and TPG Take It Private in $18B Deal
Hologic (HOLX) shares surged following an $18.3 billion acquisition agreement with Blackstone (BX) and TPG (TPG). The deal, structured as a cash transaction, offers $76 per share upfront, with an additional $3 per share contingent on revenue milestones in the company's global breast health business. This brings the potential total to $79 per share—a 46% premium to HOLX's closing price on May 23, 2025.
The acquisition marks a significant premium over a previously rejected $16 billion offer. Sovereign wealth funds Abu Dhabi Investment Authority and the Government of Singapore Investment Corporation have also committed minority investments through subsidiaries.