Comment by Skandia.STOCKHOLM, Sweden -- Old Mutual today announced that acceptances of its offer have been validated val·i·date tr.v. val·i·dat·ed, val·i·dat·ing, val·i·dates 1. To declare or make legally valid. 2. To mark with an indication of official sanction. 3. representing 68.6% of all the shares in Skandia. Old Mutual has also announced that it has extended the acceptance period until 23 January 2006 at unchanged terms and conditions and that it has not yet received the requisite clearances and approvals from all regulatory authorities Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities . Under the condition that Old Mutual receives approval in the outstanding regulatory matters, Old Mutual will be Skandia's principal shareholder. Skandia continues to be a listed company listed company n → compañía cotizable listed company n → société cotée en Bourse listed company list n → that is subject to the rules of the Stockholm Stock Exchange The Stockholm Stock Exchange (Swedish: Stockholmsbörsen) is a stock exchange located in Stockholm, Sweden. Founded in 1863 [1] it is the primary securities exchange of the Nordic Countries. . As previously announced, Skandia shareholders will continue to have the right to withdraw tendered shares during the extension period. Skandia's customer relations will remain unchanged with Old Mutual as the principal owner. This information was brought to you by Waymaker http://www.waymaker.net |
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