 |
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.
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.
