Hologic trades up 7% on Icahn disclosure of long position in HOLX via stock, long calls and short puts
HOLX is trading up 7% this morning at 23.80. The move follows a filing by activist investor Carl Icahn that 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. We would expect future filings to disclose Icahn's plan for HOLX. From today's filing: * High River Limited Partnership directly beneficially owns 705,000 Shares, Icahn Partners LP ("Icahn Partners") directly beneficially owns 1,086,310 Shares, Icahn Partners Master Fund LP ("Icahn Master") directly beneficially owns 1,147,315 Shares, Icahn Partners Master Fund II LP ("Icahn Master II") directly beneficially owns 407,118 Shares, and Icahn Partners Master Fund III LP ("Icahn Master III") directly beneficially owns 179,257 Shares. * High River directly beneficially owns 6,125,974 American-style call options (the "Call Options"), Icahn Partners directly beneficially owns 9,426,404 Call Options, Icahn Master directly beneficially owns 9,957,502 Call Options, Icahn Master II directly beneficially owns 3,555,213 Call Options, and Icahn Master III directly beneficially owns 1,564,786 Call Options. * High River directly wrote 6,125,974 European-style put options (the "Put Options"), Icahn Partners directly wrote 9,426,404 Put Options, Icahn Master directly wrote 9,957,502 Put Options, Icahn Master II directly wrote 3,555,213 Put Options, and Icahn Master III directly wrote 1,564,786 Put Options. In each case, the exercise, termination or transfer of the Call Options will reduce the number of Put Options on a one-for-one basis. * Each of Barberry and Beckton is 100 percent owned by Carl C. Icahn. As such, Mr. Icahn is in a position indirectly to determine the investment and voting decisions made by each of High River, Icahn Partners, Icahn Master, Icahn Master II and Icahn Master III. Each of Hopper, Barberry and Mr. Icahn may be deemed to indirectly beneficially own (as that term is defined in Rule 13d-3 under the Act) the Shares which High River owns. Each of Hopper, Barberry and Mr. Icahn disclaims beneficial ownership of such Shares except to the extent of their pecuniary interest therein.