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

RTTNews | 799 dni temu
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 | 733 dni temu
German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | 1 dni temu
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | 1 dni temu
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | 1 dni temu
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 1 dni temu