KEY TAKEAWAYS:
Blackstone and TPG to buy Hologic for $13 billion
Deal includes $79 per share and performance bonuses
Hologic valued at $18.3 billion including debt and cash
Company to remain based in Massachusetts after Nasdaq delisting
Private equity firms Blackstone and TPG will spend more than $13 billion to buy women’s health specialist Hologic.
The companies said Tuesday they will pay up to $79 for each Hologic share in a deal that takes the company private.
Shares of Hologic rose after markets opened Tuesday. The companies said the price represents a premium of about 46% to the stock’s closing price in late May, before media reports surfaced about a possible deal.
The terms include $76 in cash for each share plus extra payments when the deal closes and if the compan