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Top related persons:
Vijay Kumar - 1 Danaher - 1 Jonathan Milner - 1 Manas Mishra - 1 Shounak Dasgupta - 1 Sriraj - 1 Jeffrey Smith - 1 Wix.com - 1
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Cambridge England Bengaluru Wix.com Salesforce New York
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Danaher - 1 Abcam Plc - 1 Bloomberg - 1 Electric - 1 Thomson - 1 SEC - 1 Acacia Research - 1 CNBC - 1

Search resuls for: "Abcam Plc"


2 mentions found


☆ Medical tech firm Danaher to buy Abcam in $5.7 bln deal
  + stars: | 2023-08-28 | by ( ) www.reuters.com   time to read: +2 min
Aug 28 (Reuters) - Danaher Corp (DHR.N) said on Monday it would buy smaller rival Abcam Plc in an all-cash deal valued at $5.7 billion including debt, as the medical tools supplier expands its services to capture bigger contracts. The deal will help Danaher cushion the hit from sluggish demand for its products such as antibodies and sample preparation equipment from smaller biotech companies that are grappling with a funding crunch. Danaher, one of the world's largest suppliers of medical tools, has already cut its annual sales growth forecast multiple times this year. "This is a nice tuck in deal for Danaher that checks all the boxes. Reuters reported on Friday that Danaher was in the lead to acquire Abcam.
Persons: Vijay Kumar, Danaher, Jonathan Milner, Manas Mishra, Shounak Dasgupta, Sriraj Organizations: Danaher, Abcam Plc, Reuters, Bloomberg, Electric, Thomson Locations: Cambridge, England, Bengaluru
☆ Starboard Value’s Jeffrey Smith, who's bullish on A.I., reveals his top picks in latest 13F
  + stars: | 2023-08-14 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
Starboard Value's Jeffrey Smith has called artificial intelligence "an enormous opportunity," and there are hints of his enthusiasm in his latest, quarterly 13F filing to SEC. The activist investor drastically increased his stake in Wix.com , making it his ninth-biggest holding at the end of June. The hedge fund manager said there's more room for Salesforce to grow and the stock can rally another 30% on the back of the AI boom. Nine years later he spun out his New York-based hedge fund and became the CEO. The hedge fund manager also added a relatively small stake in British life science company Abcam PLC last quarter.
Persons: Jeffrey Smith, Wix.com, Smith, There's, blockchain, there's, Splunk Organizations: SEC, Acacia Research, CNBC, Abcam Locations: Wix.com, Salesforce, New York
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