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Hologic adopts poison pill after Icahn reports stake

Activist investor Carl Icahn disclosed a 12.63 percent stake in medical device maker Hologic Inc, prompting the company to adopt a shareholder rights plan to protect itself from hostile takeovers.Shares of Hologic, which makes screening tests for cancer and other diseases, rose 3 percent in late morning trading.Icahn, who has a track record of taking big stakes in companies and pushing for management change, said in a filing with the U.S. Securities and Exchange Commission that he believed Hologic's shares were undervalued.He also said he would consider discussing with Hologic's management the possibility of board representation and ways to improve shareholder value.Icahn's move into Hologic is the first time that the billionaire investor has taken a stake of more than 5 percent in a healthcare company since his former top healthcare deputy, Alex Denner, resigned in late 2012, according to a Reuters review of Icahn's 13D filings.Denner, who now runs activist hedge fund Sarissa Capital ...

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