Carlyle Sells QuidelOrtho Shares, Analyst Sees Overhang Lifted

On Tuesday, QuidelOrtho Corporation (NASDAQ:QDEL) priced the previously announced underwritten secondary offering by Carlyle Partners VI Cayman Holdings of 8.26 million shares.

The selling stockholder will receive all of the proceeds. The company is not selling any shares.

The last reported sale price of QuidelOrtho’s common stock on Nov. 19 was $38.58 per share. Goldman Sachs & Co. LLC is acting as the sole underwriter.

William Blair analysts noted that Carlyle sold some of its shares earlier this summer through smaller transactions. ...

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