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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