admirable
Suspended / Banned
- Messages
- 11,612
- Name
- Jim
- Edit My Images
- Yes
This is a small local company to me............
Optos (OPTS) and Nikon Corp have agreed a recommended cash offer of 340p a share
cash for the former company. The deal values Optos at about £259.3m, and was at a premium of 30.5% to Thursday's closing price.
Nikon has so far received irrevocable undertakings and a letter of intent in respect of a total of 9,608,466 Optos Shares representing, in aggregate, 13.2% of the existing issued share capital of Optos at close of business on 26 February 2015.
Japanese corporate giant Nikon is set to snap up Fife optical imaging firm Optos for more than a quarter of a billion pounds.
The all-cash offer is to be recommended to Optos shareholders and stock in the Dunfermline-based company spiked by 30% in early trading today as news of the £259.3m deal spread.
The terms of the agreement will see Nikon — a global leader in the photography, opthalmic lenses and imaging products — pay 340p per share for Optos stock, a 30.5% increase on the closing price last night.
Optos is one of Fife’s best known companies and produces a range of optical imaging devices which are used by health professionals to scan for signs of medical problems within the eye.
The firm has been listed on the London Stock Exchange since 2006 and in the year to September 30 it produced revenues of $170.6m and operating profits of $16.3m.
It employs around 390 staff across its global operations and it stressed that no redundancies are expected as a result of the Nikon deal.
Optos chairman Peter Fellner said Optos is well placed for growth as part of the Nikon family.
He said: “Optos will become a key part of Nikon’s future strategy to develop a global medical business and will continue to provide its market-leading solutions to the patients we serve. We are therefore pleased to recommend this acquisition to our shareholders.”
Nikon president Kazuo Ushida said the combination would create a “world class” player in the field of retina imaging.
At 9:06am:
(LON:OPTS) Optos PLC share price was +77.75p at 338.25p
Optos (OPTS) and Nikon Corp have agreed a recommended cash offer of 340p a share
cash for the former company. The deal values Optos at about £259.3m, and was at a premium of 30.5% to Thursday's closing price. Nikon has so far received irrevocable undertakings and a letter of intent in respect of a total of 9,608,466 Optos Shares representing, in aggregate, 13.2% of the existing issued share capital of Optos at close of business
on 26 February 2015.Japanese corporate giant Nikon is set to snap up Fife optical imaging firm Optos for more than a quarter of a billion pounds.
The all-cash offer is to be recommended to Optos shareholders and stock in the Dunfermline-based company spiked by 30% in early trading today as news of the £259.3m deal spread.
The terms of the agreement will see Nikon — a global leader in the photography, opthalmic lenses and imaging products — pay 340p per share for Optos stock, a 30.5% increase on the closing price last night.
Optos is one of Fife’s best known companies and produces a range of optical imaging devices which are used by health professionals to scan for signs of medical problems within the eye.
The firm has been listed on the London Stock Exchange since 2006 and in the year to September 30 it produced revenues of $170.6m and operating profits of $16.3m.
It employs around 390 staff across its global operations and it stressed that no redundancies are expected as a result of the Nikon deal.
Optos chairman Peter Fellner said Optos is well placed for growth as part of the Nikon family.
He said: “Optos will become a key part of Nikon’s future strategy to develop a global medical business and will continue to provide its market-leading solutions to the patients we serve. We are therefore pleased to recommend this acquisition to our shareholders.”
Nikon president Kazuo Ushida said the combination would create a “world class” player in the field of retina imaging.
At 9:06am:
(LON:OPTS) Optos PLC share price was +77.75p at 338.25p
)