From the archive. This pick came before our first emailed issue. We wrote it on Nov 3, 2026 from sources published around that day, with the same checks as every issue. It isn't part of the track record.
The pick
QIAGEN (QGEN) had the biggest jump in trading volume compared with its usual level on October 22, 2026. Volume was 15.2x its 30-day average, and the stock closed up 0.44%.
What happened
QIAGEN signed a business combination agreement dated 21 October 2026 with Crown NL Bidco B.V. The agreement says the buyer intends to acquire QIAGEN through a full public tender offer for all of its issued ordinary shares.
QIAGEN's shares are listed on the New York Stock Exchange and on the Prime Standard of the Frankfurt Stock Exchange.
The agreement says QIAGEN's managing board and supervisory board unanimously determined that the offer and the other transactions are in the best interest of the company and its associated enterprise.
It also says EQT Partners GmbH, acting as investment advisor to EQT AB and its affiliates, signed a confidentiality agreement with QIAGEN on 20 August 2026.
Source: [SEC filing]
What news reports said
Seeking Alpha reported that Qiagen agreed to an all-cash takeover offer from EQT at €46.50 a share. It put the deal at €10.8B. [Seeking Alpha]
The day before, Seeking Alpha reported that Qiagen ADRs rose on a report that EQT was nearing a €9.6B buyout at €46.50 a share. [Seeking Alpha]
Seeking Alpha also reported, citing a Qiagen press release, that third-quarter net sales were $548 million at both reported and constant exchange rates. [Seeking Alpha]
The numbers
- Previous close: $50.00
- Close: $50.22
- Change: +0.44%
- Volume: 40,827,267
- 30-day average volume: 2,694,269
- Volume multiple: 15.2x
- Behind the move: a company press release
What happened next
Measured from this day's close. Shown for every pick, good or bad. See the full track record.