May 2, 2018 / 5:15 PM / 3 months ago

BRIEF-Horizon Discovery Group Confirms Rejection Of Abcam's Proposal

Reuters Staff

1 Min Read

May 2 (Reuters) - Horizon Discovery Group Plc:

* CONFIRMS REJECTION OF ABCAM’S PROPOSAL

* CONFIRMS IT RECEIVED UNSOLICITED AND HIGHLY CONDITIONAL PROPOSAL FROM ABCAM REGARDING A POSSIBLE OFFER FOR HORIZON DISCOVERY GROUP

* BOARD CONSIDERS UNSOLICITED PROPOSAL TO BE HIGHLY OPPORTUNISTIC BELIEVES IT FUNDAMENTALLY UNDERVALUES CO AND ITS FUTURE PROSPECTS Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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