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FTI Consulting handles Abcam as the British biotechnology company agrees to a $5.7B takeover from DC-based Danaher Corp., which chalked up $31.5B in fiscal 2022 revenues.
Abcam will operate as a standalone company in Danaher’s life sciences division to bolster its strategy “to help map complex diseases and accelerate the drug discovery process."
Founded in Cambridge in 1998, Abcam’s validated antibodies, reagents, biomarkers and assays are used by an estimated 750K researchers.
Danaher CEO Rainer Blair said Abcam’s long track record of innovation and breadth of antibody portfolio positions makes it a key partner for the scientific community.
The transaction is expected to close mid-2024.
Publicis Groupe reported 4.5 percent Q1 organic growth in net revenues to $4.1B despite the volatile macro environment.
PondelWilkinson, the Los Angeles-based IR and strategic communications shop, has expanded to the East Coast by adding Anreder & Company veterans following the retirement of principal Steven Anreder.
Teneo represents American Ocean Minerals Corp as its merges with NASDAQ-listed Odyssey Marine Exploration to create a $1B deep-sea critical minerals research and mining platform that is under US-control.
Kekst CNC represents Cleveland-based Everstream as the business-only fiber network receives bankruptcy court approval for the sale of almost all of its operations to Bluebird Fiber for $385M.
FTI Consulting handles media for McCormick as the 137-year-old flavors company combines with Unilever Foods in a deal valued at $45B.
