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Blackstone and TPG seek over $4B for Hologic unit - report (BX:NYSE)

Private equity firms Blackstone and TPG are reportedly looking to sell Hologic's surgical unit for over $4 billion. The sale's purpose is to help pay down debt and return cash from a significant leveraged buyout that occurred last year. This move by Blackstone and TPG indicates an effort to manage liabilities and generate returns from their investment.