Glass Lewis recommends Abcam shareholders vote for Danaher acquisition

Abcam(ABCM) announced that leading independent proxy advisor, Glass Lewis, recommended that Abcam shareholders vote “for ” Danaher’s (DHR) proposed acquisition of Abcam ahead of its shareholder meetings on November 6. Alan Hirzel, Chief Executive Officer of Abcam, said: “Following the publication of Glass Lewis’s recommendation on October 21, we’re pleased that both of the world’s leading proxy advisors support our board’s unanimous recommendation that shareholders vote for the proposed sale to Danaher. We are confident this transaction is in the best interests of Abcam and its shareholders, and will deliver an excellent outcome for Abcam’s employees and customers. We strongly urge all Abcam shareholders to follow the recommendation of our board, ISS and Glass Lewis and vote for this transaction.” In making the recommendations, Glass Lewis stated in their October 21 report: “(We) believe the premium valuation and certainty of value provided by the Scheme Consideration should represent a fairly compelling proposition to most of the Company’s shareholders…”