ABCAM - what are they targeting?18 Jun 2019 21:46
Abcam are on the look out for acquisitions - £200m 3 year RCF put in place with another £100m as an 'accordion feature' and they have recently appointed Numis as a joint broker [even more money wanted?].
Free cash flow of £80m a year though; it is going to be interesting to see what they buy, especially as they are a Pound hedge.
If you have any interest in biotech / cancer research you should know about ABC - if not, do some more research.