{"id":54358,"date":"2023-08-29T09:25:06","date_gmt":"2023-08-29T13:25:06","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/abcam-shares-fall-after-5-7-billion-acquisition-by-danaher-announced\/"},"modified":"2023-08-29T09:25:09","modified_gmt":"2023-08-29T13:25:09","slug":"abcam-shares-fall-after-5-7-billion-acquisition-by-danaher-announced","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=54358","title":{"rendered":"Abcam shares fall after $5.7 billion acquisition by Danaher announced"},"content":{"rendered":"
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Investing.com —\u00a0Diagnostic tool supplier Danaher Corporation (NYSE:) has agreed to acquire medical equipment manufacturer Abcam\u00a0PLC (NASDAQ:) in a deal worth $5.7 billion including debt, the two companies said on Monday.<\/p>\n

Under the terms of the agreement, Danaher will purchase all the currently outstanding shares of Abcam <\/span><\/span> at a price of $24.00 per share in cash, representing a 2.7% premium to Abcam’s last closing price.<\/p>\n

Following the completion, Abcam is set to function as an independent operating entity and maintain its distinct brand identity under Danaher’s Life Sciences segment, the firms noted.<\/p>\n

Shares in Abcam slipped in early U.S. trading, paring back from gains of just under 3.9% on Friday. Danaher stock, meanwhile, edged higher.<\/p>\n

In a statement, Danaher Chief Executive Officer Rainer Blair said the move will bring Abcam’s “breadth of antibody portfolio positions” to the business.<\/p>\n

Meanwhile, Abcam Chairman Peter Allen said the combination “maximizes value for shareholders while delivering an excellent outcome for our employees and customers.”<\/p>\n

The transaction is anticipated to close in mid-2024. Danaher said it expects to fund the acquisition using cash on hand and proceeds from the issuance of commercial paper.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Investing.com —\u00a0Diagnostic tool supplier Danaher Corporation (NYSE:) has agreed to acquire medical equipment manufacturer Abcam\u00a0PLC (NASDAQ:) in a deal worth $5.7 billion including debt, the two companies said on Monday. Under the terms of the agreement, Danaher will purchase all the currently outstanding shares of Abcam at a price of $24.00 per share in cash, […]<\/p>\n","protected":false},"author":1,"featured_media":54359,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-54358","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nAbcam shares fall after $5.7 billion acquisition by Danaher announced | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Investing.com --\u00a0Diagnostic tool supplier Danaher Corporation (NYSE:) has agreed to acquire medical equipment manufacturer Abcam\u00a0PLC (NASDAQ:) in a deal\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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