By Steve Moore | Tuesday 3 December 2013
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Scientific digital camera developer and manufacturer Andor Technology (AND) has announced results for a year ended 30th September 2013 which it found “more challenging in terms of sales than we had predicted” as “government expenditure in research curtailed across our principal markets”. The company has also updated that it “is disappointed that Oxford Instruments was not able to increase its offer price in light of the considerable management time that has been spent in helping Oxford Instruments understand Andor's business and its future prospects”. The follows a further letter from Oxford Instruments reiterating 500p per share as its “possible offer” amount for Andor. The following updates.
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