Andor Technology (AIM:AND) WHI considers that another increase from OXIG still not enough
Oxford Instruments (OXIG) has made a further increase to its proposed offer for Andor with at least one broker considering this is not enough – we aren’t so sure!
OXIG has lifted its offer to 525p from 500p stating this is the final bid….assuming the bid situation remains non-competitve; so it isn’t necessarily their final offer!
WH Ireland remains of the view that Andor and its shareholders should wait for a richer suitor, but how many times have we witnessed in the past an absence of such offers!
WHI considers that if a 500-525p bid were to succeed, Andor’s shareholders…
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