Oxford Instruments PLC Response to statement made by Andor Technology plc (8401S)
13 11월 2013 - 12:07AM
UK Regulatory
TIDMOXIG
RNS Number : 8401S
Oxford Instruments PLC
12 November 2013
12 November 2013
Oxford Instruments plc
Response to statement made by Andor Technology plc
Oxford Instruments plc ("Oxford Instruments" or the "Company")
notes the recent announcement made by Andor Technology plc
("Andor").
Oxford Instruments has a high regard for the Andor business and
its employees and is grateful for the Board of Andor's constructive
engagement in the ongoing discussions.
Oxford Instruments is developing its business in the Nano-Bio
field and believes that the acquisition of Andor has significant
industrial and commercial logic. Having substantially completed its
due diligence, Oxford Instruments believes that the indicative
offer of 500p per share in cash represents an attractive proposal
to Andor shareholders.
Oxford Instruments looks forward to continuing discussions with
the Board of Andor and working with it towards a recommended
transaction.
Ends
Enquiries:
Oxford Instruments plc Tel: 01865 393200
Jonathan Flint, Chief Executive
Kevin Boyd, Group Finance Director
MHP Communications Tel: 020 3128 8100
Rachel Hirst
Rory King
This information is provided by RNS
The company news service from the London Stock Exchange
END
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