Oxford Instruments' offer for Andor declared unconditional

Oxford Instrument's offer for Andor Technology was on Wednesday declared unconditional after the necessary steps were completed. On January 21st at 13:00, 94.93% of Andor shareholders had accepted the offer, granting technology developer Oxford Instruments the right to issue compulsory acquisition notices to Andor shareholders who had not accepted the offer. Oxford said the offer will remain open until February 4th and any Andor shareholders who had not accepted were "encouraged to do so without delay". The group also said it intended to "procure that Andor applies to the London Stock Exchange for the cancellation of the admission of the Andor shares to trading on AIM upon 20 business days' notice". When Oxford made its first offer for the company last year it said the acquisition of Andor has "significant industrial and commercial logic" in relation to the development of its Nano-Bio field. NR Oxford Instruments