LONDON — Domino Printing Sciences said on Wednesday that Brother Industries of Japan had offered to acquire the printer maker in a deal that values the company at 1.03 billion pounds, or about $1.55 billion.
The deal will expand Brother’s industrial printing offerings and is a strategic fit, Brother said.
Domino, based in Cambridge, England, said that its board of directors intended to unanimously recommend that shareholders accept the offer and had agreed to tender their own shares in the offer. The Domino directors own about 0.4 percent of the company’s outstanding shares.
Brother would pay £9.15 a share for all of the outstanding shares of Domino. The offer represents about a 27 percent premium to the company’s closing price on Tuesday. read more here