01:09 PM EDT, 05/27/2025 (MT Newswires) -- (Updates with stock movement in the first paragraph and additional details in the second paragraph.)

Shares of Hologic ( HOLX ) were up over 20% in recent trading on Tuesday after the Financial Times reported that Blackstone (BX) and TPG (TPG) have offered to acquire the medical technology company for over $16 billion and take it private.

Hologic ( HOLX ) rejected the non-binding offer valuing the group at $16.3 billion to $16.7 billion, including debt, the report said, citing people familiar with the matter, who added there is still a chance that discussions could be revived.

None of the three companies immediately replied to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 139.04, Change: +2.91, Percent Change: +2.14