Jump to content

Sandvik announces a recommended public offer to the minority shareholders of Seco Tools

This press release may not be published or distributed, directly or indirectly, to or within jurisdictions where the publication or the distribution would not comply with laws and regulations in such jurisdictions, including the United States, Australia, Hong Kong, Japan, Canada, New Zealand or South Africa. The Offer is not being made to (and acceptances will not be accepted from) persons in or from jurisdictions where the announcement of the Offer or approval of acceptances of the Offer would require further documentation, filings or other measures in addition to those required by Swedish law.
This press release has been published in Swedish and English. In the event of any discrepancy in content between the language versions, the Swedish version shall prevail.

Sandvik AB ("Sandvik") today announces a recommended public offer to acquire all remaining shares in its subsidiary Seco Tools AB ("Seco Tools"), one of the world's largest manufacturers of innovative metal-cutting tools (the "Offer"). For each class B share in Seco Tools, Sandvik offers 1.2 shares in Sandvik. The Offer is part of Sandvik's strategy to continue to strengthen its world-leading position within the new business area Sandvik Machining Solutions. The Offer is recommended by the Board of Directors of Seco Tools. Further, Alecta Pension Insurance and Swedbank Robur Funds, major shareholders of both Seco Tools and Sandvik, are positive towards the Offer.

Download press release (PDF document, 341 kB)

Sandviken, 7 November 2011

Sandvik Aktiebolag (publ)

We would like your consent

Sandvik and our vendors use cookies (and similar technologies) to collect and process personal data (such as device identifiers, IP addresses, and website interactions) for essential site functions, analyzing site performance, personalizing content, and delivering targeted ads. Some cookies are necessary and can’t be turned off, while others are used only if you consent. The consent-based cookies help us support Sandvik and individualize your website experience. You may accept or reject all such cookies by clicking the appropriate button below. You can also consent to cookies based on their purposes via the manage cookies link below. Visit our cookie privacy policy for more details on how we use cookies.