Camera manufacturer Andor Technology, a spin-out of Queen’s University Belfast, has recommended that its shareholders accept a takeover bid of 525p per share from Oxford Instruments (OI).

OI, one of Oxford’s oldest and most successful spin-outs and the inventor behind superconducting magnets used in MRI scanners, made an offer of 500p per share public last month, but has been in discussions with Andor since July when it started with an offer at 420p per share.

The offer for the Alternative…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.

Not sure if you have a subscription?