News

Danaher to Acquire Abcam in $5.7 Billion Deal

1 Mins read

Danaher, a leading industrial scientific-supplies company, has recently announced its agreement to acquire biotech company Abcam in a deal valued at $5.7 billion. Under the terms of the agreement, Danaher will purchase all outstanding shares of Abcam for $24.00 per share in cash, representing a premium over the company’s closing price of $23.26 on Friday.

However, it seems that some Abcam investors are not entirely satisfied with the premium offered. In the premarket session, American depositary receipts of Abcam registered a 3% drop. On the other hand, shares of Danaher remained flat during premarket trading on Monday, maintaining a price of $255.53.

Danaher reassures that following the acquisition, Abcam will continue to operate as a stand-alone brand within Danaher’s Life Sciences segment. The company plans to leverage Abcam’s expertise in mapping complex diseases and accelerating the drug-discovery process. Danaher CEO Rainer Blair recognizes Abcam’s long track record of innovation, outstanding product quality, and extensive antibody portfolio, positioning them as a valuable partner for the scientific community.

The deal is expected to close in mid-2024, subject to regulatory approvals. Peter Allen, chairman of Abcam, expressed confidence in the combination with Danaher, emphasizing that it maximizes value for shareholders and brings positive outcomes for employees and customers.

In conclusion, Danaher’s acquisition of Abcam marks a significant move in the biotech industry, reinforcing Danaher’s position in the Life Sciences sector while providing new opportunities for collaboration and innovation.

Related posts
News

Which Crypto Is Best To Buy And Tipped As The Safest Investment In 2025: Shiba Inu Or Remittix?

2 Mins read
The crypto market appears to be confident for the latter stages of 2025, having already faced volatility over the past year. Investors…
News

7 Token Presales to Watch in 2025: Blazpay ($BLAZ) Takes the Lead

4 Mins read
The world of token presales has always attracted attention, but 2025 is shaping up to be a pivotal year. With a crowded…
News

Naira rallies to N1,455/$; reserves hit $43bn

5 Mins read
The positive rally of the local currency against the dollar continued yesterday with the naira exchanging at N1,455 to one dollar even…

Leave a Reply

Your email address will not be published. Required fields are marked *

− 4 = 6