Hologic (HOLX) Jumps 7.7% on Renewed Billion-Dollar Takeover Bid

We recently published All-Time Rush: 8 of 10 Big Names Hit Fresh Record Highs. Hologic Inc. (NASDAQ:HOLX) is one of the best performers on Wednesday.

Shares of Hologic Inc. rallied by 7.69 percent on Wednesday to close at $68.20 as investors repositioned portfolios amid reports that it was again in talks with two investment companies for a potential sale.

According to a report by Bloomberg, Hologic Inc. (NASDAQ:HOLX) has received a new acquisition offer from Blackstone Inc. and TPG Inc. after earlier negotiations resulted in a failed takeover.

Hologic (HOLX) Jumps 7.7% on Renewed Billion-Dollar Takeover Bid

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Bloomberg said the two firms are now undergoing due diligence, but noted that negotiations could still falter.

Earlier this year, Blackstone and TPG have offered to acquire Hologic Inc. (NASDAQ:HOLX) for $16.7 billion, a proposal which was rejected and would have been one of the largest leveraged buyouts this year.

In its updated report, Hologic Inc. (NASDAQ:HOLX) raised its revenue forecast for the full fiscal year of 2025 to between $4.08 billion to $4.09 billion, from $4.05 billion to $4.1 billion earlier.

For the fourth quarter alone, revenues are expected to hit $1.03 billion to $1.04 billion.

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Disclosure: None. This article is originally published at Insider Monkey.