ABCM - Abcam ticks higher amid report of China approval for sale to Danaher

2023-11-09 10:51:22 ET

Abcam ( NASDAQ: ABCM ) ticked up 0.5% amid a report that China has approved Danaher's ( NYSE: DHR ) planned $5.7 billion acquisition.

China's State Administration for Market Regulation granted clearance for the Abcam purchase, according to a Dealreporter item on Thursday, which cited sources familiar with the matter.. The transaction was approved by SAMR on Thursday under its simplified review procedure.

On Monday Abcam ( ABCM ) announced its shareholders approved Danaher's ( DHR ) $24 a share planned purchase of Abcam.

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