Arcam AB fka AMAVF

[charlie T colton]

RE:initial conventional "take-over bid", "blockers" and possible counter bids.

Most of us see the current offer at 285 SEK as low (way too low).

Mr Twenton says "Then, in order to avoid lengthy discussions and step-by-step increases in the bidding they might come with a "take it or leave it knock-out bid" ... may be SEK 5-600 - may be more."

To those of us that see 600 SEK as a more realistic (though not reasonable) offer that GE might go to, what does that really mean? That's the number that we would expect potential counter bidders would have to go to or exceed. And that's with knowing that GE already holds just under 15% of the stock. It's unlikely that GE would give up this initial position.

At 600 SEK X 20,546,585 shares a potential bidder would have to have 12,327,951,000 SEK. If my conversion is correct, that's about $1,543,400,540 US. That's a lot of money to come up with and have all the paperwork finished by mid-October. By come up with, I not only mean $ in hand but all the corporate approval to spend it, too.

Feel free to suggest alternate financing options that I know will be available but I'm thinking that there won't be time to secure alternate financing AND work a successful counter bid against GE in the time available. I'm saying that cash is king.

OK. Lets look at some of the expected/suspected potential bidders.
Rolls-Royce (page 27) Cash and cash equivalents 30 June 2016 --- £ 2,287,000,000.
Honeywell Cash and cash equivalents 2016 Q2 --- $5,045,000,000 US.
UTC (Pratt & Whitney) (page 34) Cash and cash equivalents 2015 --- $7,075,000,000 US.
Lockheed Martin (page 2) Cash and Cash Equivalents 2015 --- $1,090,000,000 US.
Raytheon (page 28) Cash and cash equivalents 2015 --- $2,328,000,000 US.
GKN (page 19) Cash and cash equivalents June 2016 --- £ 227,000,000.
Boeing (page 4) Cash and cash equivalents June 2016 --- $8,605,000,000 US.
Airbus (page 9) Cash and cash equivalents June 2016 --- € 7,965,000,000.

It appears that Airbus has the largest amount of cash on hand. What are the chances of them getting full corporate approval to spend 17% of their war chest and having all the financial items in order in a month to make a bid for Arcam. And be prepared to raise the stakes, if necessary. I'm not at all surprised that we haven't heard a counter bid yet.

For the record...
General Electric (page 7) Cash and marketable securities June 2016 --- $91,800,000,000 US.


I'll stand by my earlier post. (OK, maybe I'll change the 12.5% to 5~10% minimum)

RE:How do GE's competitors respond to Jeff Immelt?

Honeywell, Raytheon, Boeing, Rolls Royce, Pratt & Whitney, Lockheed, Space X, ULA and the rest of the aerospace industry (and the orthopedic manufactures) can insure the protection of Arcam and it's technology. Same for SLM Solutions.

Best answer today is by saying, "I'll take 12.5%"

GE gets in at the bargain basement, fire sale price of 285 SEK.

It works for me.

Opinions?