Abcam agrees to be acquired by Danaher in $5.7B deal
Abcam Plc stock (ABCM) was up 0.4% in premarket trades Monday after it said it agreed to be acquired by Danaher Corp. (DHR) for $24 a share in cash in a deal that values the maker of antibodies and reagents for drug discovery efforts at about $5.7 billion including debt. The price amounts to a premium of 64 cents a share, or 2.7% over its closing price of $23.36 on Friday. Abcam said it expects to remain as a standalone operating company and brand within Danaher's life sciences unit. The deal is expected to close in the middle of 2024. Danaher stock was down by 0.3% in premarket trades.
-Steve Gelsi
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08-28-23 0755ET
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