Investigation Launched into Proposed Sale of Hologic, Inc. (HOLX)
Former Louisiana Attorney General Charles C. Foti, Jr., Esq., alongside the law firm Kahn Swick & Foti, LLC (KSF), has announced an investigation into the proposed acquisition of Hologic, Inc. (NASDAQ: HOLX) by investment firms Blackstone and TPG. This inquiry aims to evaluate whether the transaction adequately reflects Hologic's value and the process behind the sale.
Details of the Proposed Transaction
According to the terms of the proposed deal, Hologic shareholders would receive $76.00 per share in cash. Additionally, each shareholder is entitled to a non-tradable contingent value right that allows for potential future payments totaling up to $3.00 per share, which will be disbursed in two installments of $1.50 each.
Evaluation of Sale Considerations
The primary focus of KSF's investigation is to determine if the offered price and the process leading to this sale are fair and adequate. KSF seeks to ascertain whether Hologic, Inc.'s estimated value reflects accurately in the proposed transaction terms.
Legal Rights and Assistance
Shareholders who believe that the proposed acquisition undervalues Hologic or who wish to understand their legal rights regarding the sale can reach out to KSF for guidance. Interested parties can contact Kahn Swick & Foti, LLC Managing Partner Lewis S. Kahn via email at lewis@ksfcounsel.com or call toll-free at 855-768-1857. For more information, visit the KSF website.
About Kahn Swick & Foti, LLC
Kahn Swick & Foti, LLC is a law firm based in New Orleans, Louisiana. The firm’s partners include former officials with significant legal expertise, such as the former Attorney General of Louisiana, indicating strong leadership and an emphasis on investor representation.