Andor (AIM:AND) - looks like it’s a done deal…thank goodness
Oxford Instruments and Andor have reached agreement on the terms of a recommended cash offer at the 525p level.
Another high quality business gets snatched from AIM
The offer values the entire issued share capital of Andor at approx £176m which, contrary to what some analysts were suggesting, looks a fairly decent price!
It’s easy to forget that, prior to OXIG becoming interested, Andor was finding business quite tough - “Market conditions remain challenging in the near-term”
We appreciate AND is a great little business but the 700p suggested by some looks a bit over the top given the radically…
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