Oxford Instruments, a manufacturing and research company, has received approval from the majority of Andor Technology shareholders to go ahead with its proposal to acquire the company.
Taper speculation picks up after budget deal; Imagination Technologies drops sharply on H2 guidance; RBS, Lloyds lead banks lower; Defence stocks rise on US budget.
Concerns about a rival emerging to Oxford Instruments' takeover approach for Andor Technologies were put to bed late yesterday as the target company's board backed an improved offer.
US agrees on budget deal ahead of Friday deadline; RBS, Lloyds, StanChart lead banks lower; Imagination plummets on cautious guidance.
Things are looking good for Hilton Food Group, but after the shares' advance year-to-date the company's stock seems to have gone high enough for now. On Monday Hilton announced its intention to invest an estimated 20m pounds at its Huntingdon plant to supply Tesco with packed meat. The agreement, which runs until 2019, or perhaps beyond that, will boost UK volumes by about 40 per cent, or an estimated 140m pounds.
The target of a takeover bid by technology group Oxford Instruments, Andor Technology, has expressed disappointment at Oxford's decision not to increase a 160m pounds bid for the firm.
Manufacturing and research company Oxford Instruments has confirmed its offer for Andor Technology of 500p per share in cash.
Vodafone is increasingly being sized up as a potential merger and acquisition (M&A) target going forward. That at least is how markets interpreted its disclosure of an 18bn pound tax credit related to losses in Germany and Luxembourg. Nevertheless, most observers do not seem to believe that an eventual bid will occur before the Verizon deal closes next year. Or do they? The small share price bounce seen yesterday might also be a reaction to the telecommunications outfit's decision to carry out extra investment - £7bn planned over two years, up from £6bn over three.
UK CPI falls to 13-month low; Dovish comments from ECB members; RBS taken off 'buy' list at Goldman.
Apogee Imaging Systems, which develops scientific digital cameras, has acquired the entire issued share capital of Apogee Imaging Systems, a US-based manufacturer of specialist cameras to government laboratories, astronomers and instrumentation manufacturers.
Andor Technology: WH Ireland ups target price from 420p to 435p, while downgrading from buy to outperform.
Andor Technology, a scientific digital camera development company, has acquired Spectral Applied Research, a Canadian firm specialising in the design and manufacture of optical systems for the cell biology research community.
Aggreko: Jefferies reduces target price from 2000p to 1500p downgrading to hold.
Strong levels of orders helped bolster performance at Andor Technology, which revealed annual results would be in line with expectations.
African Minerals: Canaccord Genuity reduces target price from 410p to 330p, while its buy recommendation remains unaltered.