Starboard Value LP, a significant shareholder of Abcam, issued the following statement: “We believe there is significant value in Abcam and are supportive of the Company running a full sale process to maximize value for all shareholders. We are supportive of Dr. Milner’s stated plan to temporarily suspend his solicitation to allow Abcam’s Board of Directors to run a comprehensive review of strategic alternatives. If the Company is unable to complete a transaction, we agree that substantial change will be warranted.”
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