Ad
Ad
Ad
© jackie egginton dreamstime.com Electronics Production | October 27, 2016

GE ups its tender offer for Arcam AB

GE has changed the terms of its tender offer for all of the outstanding shares of Swedish additive manufacturing company, Arcam AB, and has extended the acceptance period to November 10.
GE has increased the offer price for each Arcam share to SEK 300 (EUR 30.86) from the previous offer of SEK 285 (EUR 29.86) per share. However, the company announces that it will not increase the price of the offer any further. GE has also reduced the minimum acceptance threshold to 75%.

The Arcam board of directors continues to unanimously recommend that Arcam's shareholders accept the offer, GE states in a press release.

“We have taken further steps to pursue Arcam ownership as we advance our additive strategy,” said David Joyce, GE vice chairman and president and CEO of GE Aviation. “We are delighted to achieve the strategic cornerstone in our additive strategy by announcing today our acquisition of Concept Laser. The Arcam offer is a next step in our strategy. We have become the partner of choice in the additive space and are receiving numerous requests for alternative ways to accelerate our strategy.”

Comments

Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Ad
Ad
Load more news