Business
Offer Update
Offer Update.
About this update from Oxford Instruments Plc
[{"type":"text","content":"\n \nRNS Number : 3727X Oxford Instruments PLC 10 January 2014 \n \n\n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION\nFOR IMMEDIATE RELEASE\n10 January 2014\nRECOMMENDED CASH OFFER\nFOR\nANDOR TECHNOLOGY PLC (\"ANDOR\")\nBY\nOXFORD INSTRUMENTS NANOTECHNOLOGY TOOLS HOLDINGS LIMITED (\"OINTH\")\nA WHOLLY-OWNED SUBSIDIARY OF OXFORD INSTRUMENTS PLC\nOffer update\nOn 10 December 2013 the boards of Oxford Instruments plc and Andor announced that they had reached agreement on the terms of a recommended cash offer to be made by OINTH, a wholly-owned subsidiary of Oxford Instruments plc (together with OINTH, \"Oxford Instruments\"), for the entire issued and to be issued share capital of Andor (the \"Offer\").\nThe full terms of, and conditions to, the Offer together with the procedures for acceptance were set out in the offer document issued by Oxford Instruments on 17 December 2013 (the \"Offer Document\") and, in respect of Andor Shares held in certificated form, in the Form of Acceptance.\nTerms and expressions used in this announcement shall, unless the context requires otherwise, have the same meanings as given to them in the Offer Document.\nAs set out in the Offer Document, the Offer is conditional upon, inter alia, the German Federal Cartel Office approving the consummation of the Offer under the German Act Against Restraints of Competition (Gesetz gegen Wettbewerbsbeschränkungen) (the \"GWB\") unconditionally or, if approved with conditions, on such conditions reasonably satisfactory to OINTH.\nOn 9 January 2014 Oxford Instruments received confirmation from the German Federal Cartel Office that it has approved the consummation of the Offer under the GWB without conditions. Accordingly condition 1(b) of the Offer, as set out in Part A of Appendix 1 to the Offer Document, has been satisfied. \nAs set out in the announcement issued by Oxford Instruments on 8 January 2014, the Offer, which remains subject to the terms and conditions set out in the Offer Document, will remain open for acceptances until 1.00 p.m. (London time) on 21 January 2014.\nEnquiries:\n\n\n\n\nOxford Instruments plc\nJonathan Flint (Chief Executive)\nKevin Boyd (Group Finance Director)\n\n\nTel: +44 ...