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  • New exchange ratio for Sanmina's offer to the shareholder's of Segerström & Svensson determined

New exchange ratio for Sanmina's offer to the shareholder's of Segerström & Svensson determined

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NEW EXCHANGE RATIO FOR SANMINA'S OFFER TO THE SHAREHOLDER'S OF SEGERSTRÖM & SVENSSON DETERMINED On January 26, 2001, Sanmina Corporation ("Sanmina") (NASDAQ NM:SANM) made a public offer to the shareholders and holders of convertible debentures in AB Segerström & Svensson (publ) ("Segerström"). A prospectus regarding the public offer to the shareholders and holders of convertible debentures of Segerström was made public on January 27, 2001. On February 22, 2001, Sanmina increased the offer to the shareholders and holders of convertible debentures of Segerström. The number of Sanmina shares offered for each Series A or B share and for each convertible debenture with a nominal value of SEK 90.10, in the increased offer was determined by a measurement period, that started February 21 and ended February 23, 2001. The average share price of Sanmina during the measurement period, based on the closing prices on NASDAQ National Market, was USD 32.375. The shareholders and holders of convertible debentures in Segerström will thus receive 0.45194 Sanmina shares for each Series A or B share and for each convertible debenture with a nominal value of SEK 90.10. The last day of the acceptance period is February 27, 2001. Announcement of the outcome of the offer is expected on or about February 28, 2001 and it is expected that settlement could begin on or about March 1, 2001. San Jose, February 26, 2001 SANMINA CORPORATION The Board of Directors For further inquires, please contact: At Sanmina Rick Ackel Executive Vice President, Chief Financial Officer +1 (408) 964 3613 Paige Bombino Corporate Communications +1 (408) 964 3610 ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/02/26/20010226BIT00280/bit0003.doc http://www.bit.se/bitonline/2001/02/26/20010226BIT00280/bit0003.pdf