Abbott Announces Acquisition Of Exact Sciences To Close March 23rd; Exact Sciences Stockholders To Receive $105/Share

Abbott has announced its acquisition of Exact Sciences, set to close on March 23rd. Exact Sciences stockholders will receive $105 per share in cash. This acquisition is expected to contribute approximately $3 billion in incremental sales by 2026, accelerating Abbott's sales growth by 0.5%, but will dilute its adjusted earnings per share by about $0.20 in the same year.