A FTSE 250 printing technology company has fallen to a foreign buyer in a deal worth more than £1 billion.
Domino Printing Sciences, which makes printers for date coding and product marking with healthcare, food and beverage brands, has agreed to be bought out by Japanese giant Brother Industries.
The Cambridge-based company, employs 2,300 people with manufacturing sites in the UK, China, Germany, Sweden, India and the US. It has been listed on the London Stock Exchange since 1985, having been formed in 1978.
It is one of the biggest foreign takeover offers launched since revisions to the Takeover Code were introduced to provide additional safeguards for British manufacturing and research and development.
Under the terms of the deal, Domino shareholders would receive 915p in