METS

SDS goes to Sandvik

MAJOR mining supplier and engineering group Sandvik AB is to acquire Australian drill equipment company SDS in a friendly cash transaction worth $A106 million.

Michael Quinn
SDS goes to Sandvik

The SDS board, including 43.03% shareholder and managing director Fred Moir, has unanimously backed the Sandvik offer of $1.14 per share – a 31.1% premium to the volume weighted average price of SDS shares...

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