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Benzinga
Benzinga
Business
Vandana Singh

Abbott's $21 Billion Exact Sciences Buyout Reshapes Cancer Diagnostics

Abbott Exact Sciences Exact Cancer ABT EXAS William Blair
Abbott Laboratories

Abbott Laboratories (NYSE:ABT) agreed on Thursday to acquire cancer screening company Exact Sciences Corp (NASDAQ:EXAS) for $105 per common share, representing a total equity value of approximately $21 billion and an estimated enterprise value of $23 billion.

The buyout marks the biggest deal of the year in the global health-care sector.

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