Danaher Acquires Abcam In $5.7B Deal; ABCM Is Sliding Below Deal Price - Here's Why
Portfolio Pulse from Akanksha Bakshi
Danaher Corporation (DHR) has agreed to acquire Abcam plc (ABCM) for $24.00 per share in cash, a total enterprise value of ~$5.7 billion. Abcam will operate as a standalone company within Danaher's Life Sciences segment. The transaction is expected to close in mid-2024. Following the announcement, ABCM shares are trading lower by 4.37% at $22.34 premarket on Monday.
August 28, 2023 | 1:18 pm
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NEUTRAL IMPACT
Danaher Corporation is acquiring Abcam plc, which will operate as a standalone within Danaher's Life Sciences segment. The deal is expected to close in mid-2024.
The acquisition of Abcam by Danaher is a significant event for Danaher. However, the impact on the stock price is uncertain in the short term as the deal is expected to close in mid-2024.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Abcam plc is being acquired by Danaher Corporation. Following the announcement, ABCM shares are trading lower by 4.37% at $22.34 premarket on Monday.
The acquisition announcement has led to a decrease in ABCM's stock price in the short term. This is likely due to uncertainty among investors about the future of the company post-acquisition.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100