Business Weekly - Cambridge, UK

Danaher made an initial approach for Xaar in November of last year, with an offer of 200-220p per share. Xaar referred to both approaches as "highly preliminary and subject to a number of conditions," and has ended talks saying that Danaher's position had not moved sufficiently to form an acceptable basis for consideration.

The news saw Xaar's shares rise 8.5p to 237p, a gain of almost four per cent.