Andor Technology has ended all talks with potential bidders.
However, Photonis Holdings says that it is still considering apossible 90p a share bid for Andor.
Last autumn, the independent directors withdrew their recommendation of the 73p a share bid by management buy out vehicle Thorndale because of strong trading. The shares rose 1.5p to 66.5p a share on the news that bid talks had ended but Photonis was considering its options. That values the digital camera technology developer at £18.2m.
Trading in the first quarter of the current financial years is much better than expected – helped by the weakness of the pound. The order book is strong.
© 2022 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds