Sandvik Holds 98.7% Of Seco Tools, Extends Acceptance Period
January 16 2012 - 3:10AM
Dow Jones News
Swedish engineer Sandvik AB (SAND.SK) said Monday it now holds
approximately 98.7% of the shares and 99.6% of the votes in Seco
Tools AB (SECO-B.SK) and extends the acceptance period up to and
including 26 January 2012.
MAIN FACTS:
-On 7 November 2011, Sandvik announced a recommended public
offer to the minority shareholders of Seco Tools to acquire all
remaining shares in Seco Tools. For each class B share in Seco
Tools, Sandvik offers 1.2 shares in Sandvik.
-Shares closed Friday at SEK93.70.
-By Dominic Chopping; Dow Jones Newswires; +46-8-5451-3093;
dominic.chopping@dowjones.com
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