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Abbott acquires Exact Sciences in $21-bn deal
Financial Express Kolkata
|November 21, 2025
ABBOTT LABORATORIES AGREED to acquire cancer-screening company Exact Sciences Corp., in a deal with a total equity value of about $21 billion.
In the biggest healthcare deal in two years, Abbott will pay $105 per common share in cash, the companies said Thursday in a statement. The price represents a 51% premium to Exact Sciences’ closing price on November 18, the last full trading day before Bloomberg reported that Abbott was nearing a deal.
Shares of Madison, Wisconsin-based Exact Sciences surged 18% when markets opened after closing 24% higher on Wednesday in what was the biggest one-day gain in over a year. Shares of medical device maker Abbott fell 1.7% at 10:03 a.m. in New York.
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Financial Express Kolkata
Accenture beats Q1 sales estimates on AI boost
NASDAQ-LISTED IT services major Accenture on Thursday beat Street estimates for firstquarter revenue, riding on a strong demand for its artificial intelligence (AI) solutions, but said it will no longer disclose separate revenue and bookings data for AI deals going ahead, as the tech is now increasingly embedded across almost all projects.
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HCLTech to buy HPE telco biz for nearly $160 mn
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1 mins
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Securities market Bill in LS
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2 mins
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Financial Express Kolkata
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New BP boss becomes Big Oil’s most powerful woman
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