Arcam AB fka AMAVF

[Mr Twenton]

Is what we now see just part of a poker game?

Some thoughts:

Did GE expect everybody just to say hallelujah to their bids? No plan B - or is there one?

Will GE just walk away from SLM and Arcam because they encountered some resistance – or, will they focus on one of them? Arcam, as being the most “exclusive” (EBM)?

GE today announced that they can “skip SLM” and that they are not going to raise the bid for SLM – GE claim to “have other possibilities”! Other 3D laser options? What about Arcam? No other EBM possibilities …

Do GE not have any reserves to increase bids to attract more shares? May be spend parts of “the SLM money” on Arcam?

GE must have spoken to Elliot and at least got an indication of what they would expect for their Arcam shares – maybe they are too far off …. any possibility to meet somewhere in between? Negotiations ongoing?

Are GE now playing on that falling SP will soften some/many/most shareholders to later be satisfied with a 10% or 20% increase of the bid? May be not enough for Elliot …