Jonathan Milner, Abcam founder

Ab­cam founder urges in­vestors to vote against Dana­her's $5.7B buy­out, seeks to re­turn as CEO

Af­ter mak­ing clear his op­po­si­tion to Dana­her’s buy­out of Ab­cam, Jonathan Mil­ner — Ab­cam’s founder and for­mer CEO — is wag­ing a cam­paign to take back con­trol.

In an open let­ter, Mil­ner urged Ab­cam share­hold­ers to vote against the $5.7 bil­lion ac­qui­si­tion, which val­ues Ab­cam’s pro­tein re­search tools busi­ness at $24 per share. Blast­ing the lead­er­ship team’s “in­ad­e­quate gov­er­nance, lack­lus­tre in­vestor re­la­tions, de­fi­cient cost con­trols, and sub­par ex­e­cu­tion,” he al­so re­it­er­at­ed his call for oust­ing the cur­rent CEO, CFO and chair­man and spelled out plans to re­in­stall him­self as full-time CEO.

Endpoints News

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.