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.

Unlock this article instantly by becoming a free subscriber.

You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.

SIGN UP LOG IN BECOME A PREMIUM SUBSCRIBER