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FTI Consulting represents British life sciences company Abcam as it defends its $5.7B takeover by DC-based Danaher, which chalked up $31.5B in fiscal 2022 revenues.
Jonathan Milner, Abcam founder and owner of a 6.15 percent stake, opposes the deal, saying it undervalues the company. He accuses the board of not getting the best price for the company.
Abcam on Oct 5 issued a statement to shareholders, saying it conducted a “robust sales process led by Morgan Stanley and Lazard” that included more than 30 potential buyers.
It said Danaher’s $24.00 per share in cash offer was the “highest and best price received at any point in the process," topping the runner-up $22.50 per share offer.
Milner vows to vote against the deal at the Nov. 6 general meeting and replace members of the board.
ICR Consilium’s Mary-Jane Elliott, Davide Salvi and Matthew Neal represents Milner in Europe, while ICR’s’ Dan McDermott works the US.
FGS Global represents private equity firm Thoma Bravo as it makes a $4.6B bid for Darktrace, a UK-based cybersecurity artificial intelligence firm.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
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