Last checked at 12 Nov 2013 15:06
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