Hologic to buy Gen-Probe for about $3.72B

Hologic to buy Gen-Probe for about $3.72B

Bedford : NY : USA | Apr 30, 2012 at 4:25 AM PDT
Source: Associated Press
Views: Pending

Medical device maker Hologic says it has agreed to buy diagnostic test maker Gen-Probe for about $3.72 billion. Bedford, Mass.-based Hologic Inc. will pay $82.75 in cash for each Gen-Probe share. The price represents a 20 percent premium over San Diego-based Gen-Probe's closing stock price on Friday. Based on the company's about 45 million outstanding shares, the deal is worth about $3.72 billion...Hologic says it expects the addition of Gen-Probe to boost its adjusted earnings by about 20 cents in the first fiscal year after the deal closes and significantly more after that.

  • Clear
  • Share:
  • Share
  • Clear
  • Clear
  • Clear
  • Clear
  • Credibility
  • Wait... Flag

News Stories

  • Shutterfly 1Q loss widens, but beats expectations

      Seattle Post Intelligencer
    Calif. (AP) Internet photo publishing company Shutterfly Inc. said Monday that its first-quarter loss widened from the year before as costs rose, but the results beat Wall Street expectations and shares rose 9 percent in aftermarket trading. The...
  • IDT to acquire PLX in $330 million deal

      Seattle Post Intelligencer
    Calif. (AP) Chipmaker Integrated Device Technology Inc. said Monday that it agreed to buy PLX Technology Inc. for about $330 million in cash and stock. IDT said the acquisition will help it expand its core serial switching and interface business...
  • Why Gen-Probe Shares Soared

      The Motley Fool
    Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis...So what: The all-cash deal values Gen-Probe at $82.75 per share and...
  • Hologic to buy Gen-Probe for $3.75 billion

      Turks and Caicos Free Press
    Medical device maker Hologic Inc is buying diagnostic test firm Gen-Probe Inc for $3.75 billion cash, gaining access to molecular diagnostics products used to screen for blood diseases and test transplant compatibility. The deal would combine Gen-...
  • Gen-Probe Agrees To $3.7B Buyout By Hologic Inc.

      10 News
    The San Diego-based biotech firm Gen-Probe announced Monday it has agreed to a $3.7 billion buyout by Hologic Inc., a Bedford, Mass., maker of medical devices. Gen-Probe, with 1,400 employees, produces molecular diagnostic products, including...
  • San Diego's Gen-Probe bought for $3.7 billion

      San Diego Union-Tribune
    Gen-Probe research associate Jessica Meinke prepares for testing using a prototype Panther machine at the company, which is a molecular diagnostics leader. Eduardo Contreras In the second blockbuster biotech deal in a week, Hologic of Bedford, Mass.

More From Allvoices

Use of this site is governed by our Terms of Use Agreement and Privacy Policy.

© Allvoices, Inc. 2008-2014. All rights reserved. Powered by PulsePoint.