Business
Statement re Possible Offer
Statement re Possible Offer.
About this update from Oxford Instruments Plc
[{"type":"text","content":"\n \nRNS Number : 7730S Oxford Instruments PLC 12 November 2013 \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\n \nThis is an announcement falling under Rule 2.4 of the City Code on Takeovers and Mergers (the \"Code\") and does not constitute an announcement of a firm intention to make an offer or to pursue any other transaction under Rule 2.7 of the Code. Accordingly, Andor Technology plc shareholders are advised that there can be no certainty that a formal offer for Andor Technology plc will be forthcoming, even in the event that the pre-conditions in this announcement are satisfied or waived.\n \n \n12 November 2013 \n \n \nOxford Instruments plc - Possible Offer for Andor Technology plc\n \nOxford Instruments plc (\"Oxford Instruments\" or the \"Company\") announces that it is in discussions with the Board of Andor Technology plc (\"Andor\") in relation to an indicative offer of 500 pence per share in cash to acquire the entire issued and to be issued share capital of Andor (the \"Indicative Offer\"). The Board of Andor is considering this proposal.\nOxford Instruments considers that the acquisition of Andor has significant industrial and commercial logic and that Andor would benefit from being part of the Oxford Instruments group. Andor's product portfolio is highly complementary to Oxford Instruments' Nanotechnology Tools division. Both Andor and Oxford Instruments have strong capabilities in selling to academic customers and, together, the companie...