News archive

25 Nov 1997 , Press release

Sandvik has today in India announced it's intention to make a public offer to acquire up to 379,010 shares, corresponding to 20.4% of the paid up equity share capital in the Indian subsidiary Sandvik Asia Ltd., at a price of 1,800 Rupees per share.

24 Nov 1997 , Press release

Sandvik's purchase on the market of Tamrock shares has yielded favorable results.

10 Nov 1997 , Press release

Sandvik has today acquired all the shares in Tamrock Oy held by the Finnish companies Rauma Oy and Solidium Oy for FIM 18 per share, corresponding to a total of about FIM 650 million.

2 Sep 1997 , Press release

Subsequent to the approval of the requisite authorities, Sandvik has now completed the acquisition of the American company Precision Twist Drill Co., which is one of the world's leading manufacturers of twist drills in high-speed steel.

1 Sep 1997 , Press release

Sandvik Chomutov Precision Tubes s.r.o. in the Czech Republic has reached an agreement in principle with the German company Mannesmann Hoesch Präzisrohr GmbH (MHP) for the sale of the carbon steel division at Sandvik Chomutov with 130 employees and annual sales of approximately SEK 70 M.

10 Jul 1997 , Press release

Sandvik has acquired the manufacturing and sales organization of Drillmaster, an American company.

19 Jun 1997 , Press release

Sandvik has entered into an agreement covering the acquisition of the American company Precision Twist Drill Co. which is one of the world's leading manufacturers of twist drills.

13 Jun 1997 , Press release

Sandvik has today, for a total consideration of SEK 895 M, purchased all of Trustor's 3,227,600 shares and 1,190,394 warrants in Kanthal AB, representing 517,500 A shares and 2,710,100 B shares, and 703,655 warrants that each entitle the holder to subscribe for one A share in Kanthal and 486,739 warrants that each entitle the holder to subscribe for one B share in Kanthal.

10 Jun 1997 , Press release

On 9 June 1997, Sandvik AB acquired an additional 1,830,400 B shares in Kanthal AB from a number of institutional owners.

9 Jun 1997 , Press release

At an Extraordinary General Meeting held on 9 June 1997 the General Meeting resolved to reduce Sandvik's share capital through a redemption of 20,288,090 shares.

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