Shares in Domino Printing Sciences (DNO) climbed 31 per cent after the barcode-printer maker accepted a £1.03bn takeover bid from Japanese electrical equipment giant Brother Industries (JP:6448). Under the terms of the deal, shareholders will receive 915p a share - a 27 per cent premium to the previous day's closing price and 43 per cent more than the six-month average.
IC TIP:
Hold
at
947p
Domino, which has recently been struggling with pricing pressure in Asia, confirmed that shareholders will still receive the proposed final dividend for 2014 of 14.76p a share. Brother, meanwhile, claimed Domino will operate as a standalone company as it seeks to expand its industrial print range.
