Sandvik acquires Norwegian producer of anti-vibration tools

Sandvik has reached an agreement with the major shareholders of the Norwegian company Teeness ASA to acquire 92.55% of the shares in the company. The acquisition price amounts to approximately SEK 197 per share (NOK 166) or a total of about SEK 240 M. Sandvik intends to acquire all shares in the company and will make the same offer to the remaining shareholders. Full Story

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