Hologic rejected a non-binding offer of $16 billion from private equity firms TPG and Blackstone to take the company private, as reported by the Financial Times. The offer was reportedly in the range of $70 to $72 per share.
The rejection indicates that Hologic's board believes the proposal undervalues the company. This decision suggests confidence in the company's standalone growth prospects and strategic direction.
Such a significant offer, even if rejected, highlights the perceived value of Hologic's assets and market position within the medical technology sector. It could also signal potential for future offers or strategic alternatives.
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