Hologic Hub Ltd made a binding offer to acquire remaining 53.7% stake in SuperSonic Imagine SA (ENXTPA:SSI) for €18.9 million on June 19, 2019. Under the terms, Hologic will pay €1.5 per share and the acquisition would be structured as a tender offer. The offer would also cover the warrants (bons de souscription d’actions) and convertible bonds issued by SuperSonic in the event no agreement has been reached between the holders of such securities and Hologic. In addition, Hologic would make available funds to repay SuperSonic Imagine’s net debt in an amount not to exceed $43 million (€38.4 million). In addition, Hologic agreed to acquire 10.84 million shares, pertaining to 46.3% stake in Hologic from Bpifrance, Andera Partners, Auriga Partners, Mérieux Participations and CDC PME Croissance at €1.5 per share (contemplated acquisition). Pursuant to the completion of both transactions, Hologic will own 100% stake in SuperSonic. Immediately after the completion of the contemplated acquisition, Hologic would file a proposed tender offer in cash followed, as the case may be, by a mandatory squeeze-out for SuperSonic’s outstanding shares. The completion of this tender offer is subject to the French Financial Markets Authority's clearance decision on the proposed tender offer and, particularly, on its financial terms (including the squeeze-out), apart from it there would be no condition precedent. As of August 29, 2019, the directors of Hologic approved the transaction. The tender offer is expected to be completed by the end of 2019. As of Octpber 9, 2019, the AMF announced that the takeover bid for the Supersonic Imagine shares will be open from October 10, 2019 to November 13, 2019 inclusive. The offer will lapse if at its closing date it does not hold a fraction of the capital or voting rights of the company greater than 50%. As of November 21, 2019, Hologic received a valid acceptance from shareholders holding 7.6 million shares. Consequently, total shareholding of Hologic is increased to approximately 78% of the outstanding shares. The subsequent offering period will start from November 25, 2019 and will end on December 13, 2019. Henri Philippe of Accuracy acted as the independent expert for SuperSonic and will submit a report on the financial conditions of the proposed offer. Lazard-Natixis acted as financial advisor to SuperSonic Imagine SA in the transaction. Pierre Sader, Philippe Dubois de Montreynaud and Arnaud Saint-Clair of Rothschild & Co acted as financial advisor to Hologic, Inc. Saee Muzumdar, Christopher Dusseault of Gibson, Dunn & Crutcher LLP acted as legal advisors to Hologic, Inc. Jones Day acted as legal advisor to SuperSonic Imagine. Hologic Hub Ltd completed the acquisition of an additional 35.8% stake in SuperSonic Imagine SA (ENXTPA:SSI) for €12.8 million on December 13, 2019. Post-completion, Hologic Hub will own approximately 80.85% stake in SuperSonic Imagine.