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Examples
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This applies in particular to the companies in which the drop in demand was the greatest as a result of the crisis, such as Sandvik, Volvo and SSAB.
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Seco Tools has been operating separately from Sandvik, but Mr. Faxander believes that both companies will be stronger and more competitive if they share technical knowledge and if Seco Tools gets access to Sandvik's production and distribution network.
Sandvik Takes Control of Swedish Tool Maker Christina Zander 2011
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Sandvik Chief Executive Olof Faxander on Monday said cutting tools is a core area for Sandvik, which already owns 60.4% of Seco Tools, and he sees significant growth and profitability potential and a "strong logic" behind the deal.
Sandvik Takes Control of Swedish Tool Maker Christina Zander 2011
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If accepted, the offer will lead to a dilution of Sandvik's existing shareholders of about 5.5%, it said.
Sandvik Takes Control of Swedish Tool Maker Christina Zander 2011
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He said the deal will have very little financial impact on Sandvik in the short term, but the cost synergies will be positive long-term.
Sandvik Takes Control of Swedish Tool Maker Christina Zander 2011
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The acceptance period of the offer is expected to run from Dec. 1 to Jan. 10 and Sandvik said its offer has been recommended by Seco Tools' board.
Sandvik Takes Control of Swedish Tool Maker Christina Zander 2011
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The deal comes amid far-reaching changes to Sandvik's organizational structure and operations, including the sale of Sandvik's MedTech business and a relocation of the company's headquarters to Stockholm.
Sandvik Takes Control of Swedish Tool Maker Christina Zander 2011
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David Jacobsson , analyst at Ohman, said Sandvik's bid is a "natural step."
Sandvik Takes Control of Swedish Tool Maker Christina Zander 2011
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STOCKHOLM— Sandvik AB Monday said it would buy all the remaining shares in its subsidiary Seco Tools AB , one of the world's largest manufacturers of metal-cutting tools, for about 6.19 billion Swedish kronor roughly $941.5 million.
Sandvik Takes Control of Swedish Tool Maker Christina Zander 2011
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Alecta Pension Insurance and Swedbank Robur Funds, which together represent 18.3% of the shares and 4.9% of the votes in Seco Tools, are positive on the deal, Sandvik said.
Sandvik Takes Control of Swedish Tool Maker Christina Zander 2011
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