The Proposal values the entire issued and to be issued share capital of Horizon Discovery at approximately £270 million, representing a premium of approximately 26 per cent. to Horizon Discovery’s closing share price of 144 pence on 1 May 2018 (being the last business day before the date of this announcement).
Possible offer by Abcam plc for Horizon Discovery Group plc
2 May 2018
On 19 April 2018, Abcam made a proposal to the Board of Horizon Discovery in relation to a possible offer for Horizon Discovery at a value of 181 pence per Horizon Discovery ordinary share, under which the consideration would be fully satisfied by the issue of new shares in Abcam (the Proposal). The Proposal has been rejected by the Board of Horizon Discovery today.