London, UK 11/12/13; London, UK 11/12/13; London, UK 11/12/13; London, UK 11/12/13—Research tools firm Oxford Instruments has announced it is in discussions to acquire publicly held Andor Technology, a provider of scientific cameras, microscope systems and analytical software, stating that the acquisition would add to its Nano-Bio business. Oxford has made an indicative offer of 500 pence ($7.94 = £0.63 = $1) per share, a 25% premium over the November 11 closing price. The companies have been in discussions since July, when Oxford offered 420 pence ($6.67) per share. In September, Oxford increased the offer to 470 pence ($7.46) per share. On November 8, following access to commercial and financial due diligence, Oxford made its latest offer. Oxford reserved the right to make an offer on less favorable terms under certain conditions. In response to the announcement, Andor commented that it was disappointed in Oxford’s decision to publicly disclose the offer. Andor stated: “Given the level of uncertainty and conditionality, the Board of Andor felt that it could not properly consider the proposal, but it did confirm to Oxford Instruments that it remained willing to continue discussions to explore whether a definitive, acceptable offer might be found that was in the interests of Andor shareholders.” According to Andor, regulations require Oxford to announce its final intention by 5 pm on December 10. Oxford also announced the purchase of RMG Technology, a UK provider of handheld laser induced breakdown spectrography systems, which will allow it grow its share in the recycling market.