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 Tuesday.

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.

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.