NEW YORK (GenomeWeb News) – Hologic said today that Third Wave Technologies' shareholders have tendered approximately 45,225,950 shares, or around 92.1 percent of the company’s outstanding stock, as of the close of its initial offering period to acquire Third Wave, which expired last night.
Hologic said that it has begun a subsequent offering period for all remaining shares of Third Wave common stock in order to allow stockholders who have not yet tendered their shares to do so. This subsequent offering period will expire at midnight, EDT, on July 23.
Hologic said that it will pay shareholders the same $11.25 per share price that it offered in the initial offering period.
The company announced its plans to acquire Third Wave for $11.25 per share, or approximately $580 million, in early June.