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Exact Sciences Corporation completed its merger with Badger Merger Sub I, Inc., becoming a direct wholly owned subsidiary of Abbott Laboratories on March 23, 2026, with shareholders receiving $105.00 per share in cash totaling approximately $21 billion. The company terminated its credit agreement, modified convertible notes conversion rights to cash, delisted from Nasdaq, and saw all directors and officers depart.
Event Type
Disclosure
Mandatory
Variant
8-K
Entry into a Material Definitive Agreement. Exact has outstanding 0.3750% Convertible Senior Notes due 2027 (the “ 2027 Notes ”), 0.3750% Convertible Senior Not
Termination of a Material Definitive Agreement. On March 23, 2026, Exact repaid in full any outstanding principal and paid any accrued and unpaid interest (toge
of this Current Report on Form 8-K is incorporated by reference into this Item 5.02. In accordance with the Merger Agreement, effective as of the Effective Time
. On March 23, 2026, Exact notified The Nasdaq Stock Market LLC (the “ Nasdaq ”) that the Merger had been completed and requested that the Nasdaq file with the
. At the Effective Time, each holder of Common Stock issued and outstanding immediately prior to the Effective Time ceased to have any rights with respect to su
. As a result of the Merger, on March 23, 2026, a change in control of Exact occurred, and Exact is now a direct, wholly owned subsidiary of Abbott. The Merger
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. The informati
. Item 9.01 Financial Statements and Exhibits. (d) Exhibits . Exhibit No. Description Exhibit 2.1 Agreement and Plan of Merger, dated as of November 19, 2025, b
Kevin Conroy, Michael Barber, Paul Clancy, D. Scott Coward, James Doyle, Shacey Petrovic, Kimberly Popovits, Leslie Trigg, Katherine Zanotti
Effective: Effective Time (March 23, 2026)
All officers of Exact
Effective: Effective Time (March 23, 2026)
Acquisition / Disposition
Material Agreement