Analysts were voicing their approval for Hologic's newly announced $6.2 billion deal to buy Cytyc, with one saying that the buyout would create the premier women's health company. Hologic is buying the Marlborough, MA-based maker of women's health products for $46.46 a share, well ahead of the $35.05 per share close on Friday. The buyout gives Hologic a cervical cancer test that earned $289 million last year along with a therapy to control menstrual bleeding. The cash and stock deal was also applauded because of the cost-savings a merged operation could offer. The combined company will be a big player in advanced technology related to women's health.
- here's the AP report on the buyout
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