Abcam files scheme circular related to Danaher acquisition at $24 per share cash

Abcam (ABCM) filed and mailed a scheme circular, ‘Scheme Circular’ in connection with the acquisition of Abcam by Danaher (DHR) , announced on August 28 . Under the terms of the Transaction Agreement, Danaher will acquire all of the outstanding shares of Abcam for $24 per share in cash. This Transaction maximizes value in cash and provides certainty of return to shareholders while delivering an excellent outcome for employees and customers. The $24.00 per share price represents a 39% premium to Abcam’s undisturbed closing share price on May 16, 2023, prior to the press release by Jonathan Milner on May 17, 2023 stating his intention to call an extraordinary general meeting of Abcam, and a 48% premium to the Volume Weighted Average Price of $16.21 for the 30 trading day period to May 16…All interested parties were given full and fair consideration and equal information at each stage of the process, consistent with public communications made by the Company. In reaching their recommendation in favour of the Transaction, the Abcam Directors took into account the Danaher offer price of $24.00 in cash per share relative to the medium term expected trading price of Abcam ADSs if the Company were to continue as a standalone entity.