Oxford Instruments Acquiring Andor Technology
ABINGDON, England, & BELFAST, Northern Ireland, Dec. 13, 2013 — Oxford Instruments plc is acquiring Andor Technology for approximately £176 million (about $286.5 million) in cash, the company announced this week. The deal, being made through a subsidiary, helps Oxford increase its focus on the fast-growing nano-bio market. In early November, Oxford Instruments offered 500 pence per share in cash, or £160 million, for the company, but Andor rejected it, saying it was undervaluing the business. Under the deal announced this week, Oxford w...