TMO - Danaher's Strategic Abcam Deal Boosts Growth at a Reasonable Price: Analyst | Benzinga
Monday, Danaher Corporation (NYSE: DHR) had agreed to acquire Abcam plc (NASDAQ: ABCM) for $24.00 per share in cash, or a total enterprise value of ~$5.7 billion, including assumed indebtedness and net of acquired cash.
The transaction is anticipated to close in mid-2024 and will be funded using cash on hand and proceeds from the issuance of commercial paper.
William Blair analysts Matt Larew, Sam Martin, and Madeline Mollman say that the alignment between Abcam and Danaher appears to be well-suited in terms ...