BUZZ-QuidelOrtho falls as Carlyle to offload remaining stake

Reuters

2024/11/20

** Shares of QuidelOrtho Corp down 6.4% at $36.10 in extended trading as Carlyle Group to divest its remaining ~12% stake ** Medical diagnostics firm launches ~8.3 mln share secondary offering by the private equity giant

** QDEL has ~67.3 mln shares outstanding for $2.6 bln market cap

** Goldman Sachs sole underwriter for offering

** QDEL shares on Tues closed up 3.2% at $38.58

** YTD, stock has lost ~48% vs Nasdaq's 26% advance

(Lance Tupper is a Reuters market analyst. The views expressed are his own) ((lance.tupper.thomsonreuters.com@reuters.net lance.tupper@tr.com 1-646-279-6380))

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