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Hologic to obtain $600 million term loan for acquisition of Third Wave
By Paul A. Harris
St. Louis, June 9 - Hologic, Inc. plans to obtain a new $600 million term loan as funding for its acquisition of Third Wave Technologies, Inc., according to a Monday press release.
Goldman Sachs & Co. is leading the deal.
Hologic is acquiring Third Wave Technologies for $11.25 per share in a transaction valued at about $580 million.
The new bank loan will have terms substantially consistent with the company's existing credit facility, according to the press release.
Third Wave Technologies is a Madison, Wis., developer of molecular diagnostic reagents for DNA and RNA analysis applications relating to conditions which include cystic fibrosis and hepatitis.
Hologic is a Bedford, Mass.-based developer, manufacturer and supplier of premium diagnostics, medical imaging systems and surgical products for the health care needs of women.
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