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"This is the medical device maker based up I think it's Marbor Massachusetts anyway and all that. So we've been reporting for the better part of a year there's interest Blackstone and TPG uh they were interested in Hologic. We first said that back in May. Uh and back then the approach was rebuffed. Well last month they had re-engaged. At least that's what our reporting and now yeah it's official. Blackstone TPG. They're going to pay uh $79 up to $79 a share uh for Hogic. And uh yeah, classic leveraged buyout here."
The speaker reports that Blackstone and TPG have re-engaged with Hologic after earlier rebuffs, and are set to pay up to $79 per share in a definitive leveraged buyout deal. This announcement highlights the continuing M&A activity in the healthcare sector.
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