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BUZZ-Domino Printing: shares hit life high on offer from Japan's Brother Industries

Reuters - UK Focus

** Shares (Berlin: DI6.BE - news) in Domino Printing rise 31.3 pct to an all-time high after the barcode-printer maker says it has agreed an all-cash takeover offer from Japanese electronics giant Brother Industries

** The offer of 1.03 bln pounds ($1.55 bln) or 915p per share represents a 27 percent premium to Domino's Tuesday close of 721p

** Brother Industries, (Other OTC: BRTHY - news) which manufactures and sells communications and printing equipment, is expected to provide Domino Printing with "significantly greater scale and financial firepower", Domino Printing says

** Shares trade at 947p (above the offer price) on hopes of a counter offer, according to two London-based traders

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** "It will be interesting to see whether the main competitors in coding and marking - Danaher (Xetra: 866197 - news) or Dover - decide to counter the offer, but this is clearly being driven by the need to compete in the new (for Domino) field of digital printing, which is not its core business," Investec analysts add in a note

** Peers higher on hopes of more sector consolidation: Xaar up 8.6 pct, Oxford Instruments (LSE: OXIG.L - news) up 3.2 pct ($1 = 0.6635 pounds) (aashika.jain.thomsonreuters.com@reuters.net; alasdair.pal.thomsonreuters.com@reuters.net)