Abcam To Initiate Process To Explore Strategic Alternatives, Including Potential Sale

RTTNews | 709 days ago
Abcam To Initiate Process To Explore Strategic Alternatives, Including Potential Sale

(RTTNews) - Abcam plc (ABCM), a supplier of life science research tools, announced Friday that its Board of Directors has unanimously decided to initiate a process to explore strategic alternatives for the Company after having listened to and extensively engaging with shareholders.

The comprehensive process will begin immediately and will evaluate a broad range of options to maximize shareholder value, including a potential sale of the Company. The company said the Board is fully aligned in its belief that the best way to maximize value for shareholders is to comprehensively review the Company's strategic alternatives, including a potential sale of Abcam. The Board of Directors has retained Lazard and Morgan Stanley as financial advisors to assist in its review of strategic alternatives. Latham & Watkins has been appointed as legal advisor in connection with the review process.

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Danaher To Acquire Abcam In About $5.7 Bln All-cash Deal

Danaher To Acquire Abcam In About $5.7 Bln All-cash Deal

Science and technology innovator Danaher Corp. (DHR) announced Monday that it has entered into a definitive agreement to acquire Cambridge, UK-based Abcam plc (ABCM), a supplier of protein consumables, pursuant to which Danaher will acquire all of the outstanding shares of Abcam for $24.00 per share in cash, or a total enterprise value of approximately $5.7 billion, including assumed indebtedness and net of acquired cash.
RTTNews | 643 days ago
NZ Dollar Rises Against Majors

NZ Dollar Rises Against Majors

The New Zealand dollar strengthened against other major currencies in the Asian session on Monday.
RTTNews | 10 minutes ago
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending to its early losses in mid-market trading on Monday, adding to the losses in the previous session, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying below the 8,450.00 level, with weakness across most sectors led by in iron ore miners and technology stocks.
RTTNews | 1h 43min ago
Asian Markets Trade Mostly Lower

Asian Markets Trade Mostly Lower

Asian stock markets are trading mostly lower on Monday, following the mixed cues from Wall Street on Friday, amid rising concerns about the uncertainty surrounding US President Donald Trump's tariff plans. Trump accused China of violating the trade agreement reached last month. Trump has also announced that import tariffs on steel and aluminum will double to 50 percent starting June 4.
RTTNews | 1h 58min ago
Japanese Market Significantly Lower

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Monday, extending the sharp losses in the previous session, following the mixed cues from Wall Street on Friday, with the Nikkei 225 falling below the 37,550 level, with weakness across all sectors led by index heavyweights and technology stocks.
RTTNews | 3h 31min ago
Losses May Accelerate For Indonesia Stock Market

Losses May Accelerate For Indonesia Stock Market

Ahead of the long holiday weekend for the Ascension, the Indonesia stock market had moved lower in two of three trading days since the end of the three-day winning streak in which it had climbed more than 120 points or 1.7 percent. The Jakarta Composite Index now rests just above the 7,175-point plateau and it's likely to open to the downside again on Monday.
RTTNews | 3h 33min ago