24 Nov 2015
Disposal of Austin Scientific
Oxford instruments has announced the disposal of Austin Scientific, which had already been reported as discontinued in the recent interim results. The small loss-making business has been sold for c.0.25x sales, with proceeds of just $1.3m. We do not anticipate the disposal having a material effect on forecasts.
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Disposal of Austin Scientific
Oxford Instruments plc (OXIG:LON) | 2,200 550 1.1% | Mkt Cap: 1,274m
- Published:
24 Nov 2015 -
Author:
Jo Reedman -
Pages:
3
Oxford instruments has announced the disposal of Austin Scientific, which had already been reported as discontinued in the recent interim results. The small loss-making business has been sold for c.0.25x sales, with proceeds of just $1.3m. We do not anticipate the disposal having a material effect on forecasts.