Response to statement made by Andor Technology plc

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:  [phone]

Jonathan Flint, Chief Executive

Kevin Boyd, Group Finance Director

MHP Communications                                                         Tel:  [phone]

Rachel Hirst

Rory King

 

END

 

 

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