Hologic : Icahn confirms 12.63% HOLX stake in 13D filing files moments ago; may seek Board representation
--> HOLX is trading ~10% higher in pre market at $24.29.
* The Reporting Persons acquired their positions in the Shares in the belief that they were undervalued. The Reporting Persons intend to have conversations with members of the Issuer's management to discuss ways to enhance shareholder value. The Reporting Persons may also discuss the possibility of shareholder board representation. * The Reporting Persons purchased, in the over the counter market, American-style call options referencing an aggregate of 30,629,879 Shares, which expire on October 28, 2015. * The Reporting Persons have sold, in the over the counter market, European-style put options referencing an aggregate of 30,629,879 Shares, which expire on the earlier of October 28, 2015 or the date on which the corresponding American-style call option. * We initially highlighted the position at 07:20, after Icahn disclosed a long position in HOLX via stock, long calls and short puts. No position in HOLX was disclosed in the 9/30 SC 13F filing. See our follow up comment at 07:36 for additional analyst color on the position.