Blackstone and TPG Acquire Hologic, Deal Expected by April 7
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy CASY?
Affiliates of Blackstone (BX) and TPG Global are acquiring Hologic (HOLX) in a deal expected to be completed on or about April 7.
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Analyst Views on CASY
Wall Street analysts forecast CASY stock price to fall
10 Analyst Rating
6 Buy
4 Hold
0 Sell
Moderate Buy
Current: 741.820
Low
530.00
Averages
609.33
High
700.00
Current: 741.820
Low
530.00
Averages
609.33
High
700.00
About CASY
Casey’s General Stores, Inc. and its subsidiaries operate approximately 2,900 convenience stores in 19 states. It offers self-service fuel, a wide selection of grocery items and an array of freshly prepared food items. All convenience stores carry a selection of food items (which at most stores include freshly prepared foods, such as regular and breakfast pizza, donuts, hot breakfast items, and hot and cold sandwiches), beverages, tobacco and nicotine products, groceries, health and beauty aids, automotive products, and other non-food items. It offers a range of fuels, including E-10 gasoline, High Octane gasoline, Biodiesel, Winterized diesel, and Ethanol-free gasoline. It sells a range of tobacco products in-store, including e-cigarettes and vapor, chewing tobacco, nicotine pouches, and rolling papers and accessories. Its card services include Casey's Gift Cards, Casey's Visa Signature Card, and Casey's Business Mastercard & Casey's Business Advantage Card.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Apple Stock Pullback: Apple shares dropped over 3% following reports of delays in the shipment of the foldable iPhone, leading to a more than 10% decline from its February 6 closing high of $278.12, with Jim Cramer suggesting this dip presents a buying opportunity for new investors.
- Starbucks Strategic Shift: After a nearly 5% rise on Monday, Starbucks shares took a breather on Tuesday following its joint venture with Boyu Capital to sell 60% of its China business, aimed at accelerating long-term growth, with Jim indicating a potential reduction in position if the stock trends higher.
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- S&P 500 Changes: Casey's General Stores Inc. will replace Hologic Inc. in the S&P 500 effective April 9, indicating market recognition of Casey's performance in mid-cap stocks, which may boost investor confidence.
- Acquisition Progress: Affiliates of Blackstone and TPG Global are set to acquire Hologic, with the deal expected to close around April 7, impacting Hologic's market position and shareholder structure.
- Mid-Cap Adjustment: DigitalOcean Holdings Inc. will replace Casey's in the S&P MidCap 400, reflecting market interest in emerging tech companies, which may influence investor allocation strategies in mid-cap stocks.
- Small-Cap Replacement: Broadstone Net Lease Inc. will take DigitalOcean Holdings' place in the S&P SmallCap 600, further illustrating the dynamic adjustments in market asset classes, potentially affecting liquidity and investment appeal in small-cap stocks.
See More
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- Levi Strauss Stock Performance: Levi Strauss shares have fallen approximately 8.7% over the past three months and are currently 21% below the October high, indicating market concerns about its future performance, which may impact investor confidence.
- Medicare Advantage Payment Rate Issue: The Medicare Advantage payment rate issue will affect stocks like UnitedHealth, CVS, and Humana, with UnitedHealth down over 53% from its high last April, although it has seen a 4% increase so far in April, the overall trend remains weak.
- Casey's General Stores Stock Surge: Casey's General Stores has seen its stock price rise 80% over the past year and is set to join the S&P 500 on Thursday, reflecting its strong market performance and attracting attention from 20 analysts, 11 of whom rate it a buy.
- Analyst Price Target: Casey's stock closed at $747.77, with analyst Chuck Grom setting an $800 price target, indicating optimistic expectations for its future growth potential, which may attract more investor interest.
See More
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- Effective Date: The change will take effect before trading opens on Thursday, as announced by S&P Dow Jones Indices.
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