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Oxford Instruments PLC reaches agreement on terms of recommended cash offer for Andor Technology PLC


Tuesday, 10 Dec 2013 11:29am EST 

Oxford Instruments PLC:Says and Andor Technology PLC (Andor) have reached agreement on the terms of a recommended cash offer by OINTH, a wholly owned subsidiary of the company for the entire issued and to be issued share capital of Andor (the "Offer").Says recommended offer at 525 pence per Andor Share in cash.Says the Offer values the entire issued and to be issued share capital of Andor at approximately 176 million british pound.Says there will be no dividend payable on the Andor Shares if the Offer is completed, and if the dividend, the recommendation of which the board of Andor announced on Dec. 2, is approved or is otherwise payable before completion of the Offer.Says the Offer Price shall be reduced by the amount of that dividend per Andor Share.Says the Offer will be financed from a combination of the company available cash resources and committed financing facilities which it has arranged with HSBC Bank plc, Santander UK plc and The Royal Bank of Scotland plc. 

Company Quote

1063.0
-27.0 -2.48%
4:11am EDT