OM declares 62.5% support for Skandia bid

Further acceptances are "in the process of calculation" and will be announced tomorrow, 21 December, OM says. Shareholder choices to support or reject the bid under the so-called 'mix and match' facility set up for smaller shareholders will also be announced then. The offer opening as a whole meanwhile has been extended to 12 January 2006, although the mix and match facility for those with no more than 1,000 Skandia shares will not be available during the extended offer period. Jim Sutcliffe, chief executive of Old Mutual, is quoted in a statement: "I am delighted that holders of a ma...