Abcam lays out details behind $5.7B Danaher acquisition, takeover attempts by founder and former CEO

UK-based Ab­cam re­vealed more de­tails be­hind its $5.7 bil­lion ac­qui­si­tion by Dana­her, in­clud­ing the dozens of po­ten­tial buy­ers the com­pa­ny en­gaged with as well as in­ter­nal and ex­ter­nal tur­moil with Ab­cam’s founder and for­mer CEO Jonathan Mil­ner over the per­for­mance of the com­pa­ny, the make­up of the board and the deal with Dana­her.

Ab­cam talked with 33 po­ten­tial buy­ers, in­clud­ing 21 cor­po­rates and 12 fi­nan­cial spon­sors, in the US, Eu­rope and Asia, Ab­cam said in a press re­lease Thurs­day, be­fore fi­nal­ly de­cid­ing on Dana­her and the high­est of­fer that was made — $24 per share for the com­pa­ny.

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