Sunday, 20 May 2007

Hologic Inc. offers Cytyc $6.2 bln in cash and stock deal

(Reuters) - The combined entity would operate in more than 20 countries
and have more than 3,300 employees, the companies said in a
joint release.




Under the deal, Cytyc shareholders would receive 0.52
shares of Hologic common stock and $16.50 in cash for each
share of Cytyc stock they own. That represents $44.46 per
share, or a 33 percent premium to Cytyc's share price, based on
the closing stock prices on Friday of both companies, they
said.


Read more at Reuters.com Mergers News

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