Photonis Holdings says that it no longer intends to bid for Andor Technology.
It had been considering a possible 90p a share bid for Andor even thought he target‘s management had ended discussions.
Shares in Andor slumped 15p to 56.5p a share, which values the camera technology developer at £15.5m.
© 2023 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.