Trader, I already postulated that. 50% lower, back to pre tender levels.
Don't know about what you read but in the Reuters article I read the GE CfO interviewed said they had alternatives to arcam as well. But given the extension, and higher percentage (not 19%) maybe they want the exclusive EBM a little more but it shows as I've shouted that GE will not give in to Elliot extortion. Right again. With the weak q3, the catalyst to tender is even greater and I sure hope GE continues as I do not want to get stuck with a much lowered pps like the SLM holders who look like they will be stuck with short term as the stock is down 8% on the GE announcement today and one can expect the same here.
My hope at this point is that GE wants arcam enough to be satisfied with operational control and the tender will be completed and we will get our premium, Elliot be damned.
I love it that some posters, given the clear evidence, cannot see Eillot's strategy for what it is. Also amused that some think 100% control will provide a lot more control than operational control will with respect to patents, standards and the other things mentioned. Actually, the higher ownership percentage goes more to process that operation and GE doesn't really care about process, i.e. noise from minority. Will simply assign a middle mgr to deal with Elliot noise like Canon is doing.
But Trader and All, GE will not raise their bid, there will not be any competing deal and you will live or die, at least short term, by this tender.
The key however is getting the 50% and I sure will help with my shares. I'm even considering betting on the tender and buying more shares as the pps has fallen so much today. But still fear a greater fall and zombie trading or a long period for arcam to get back on its feet assuming it has the resouces to meet demand.
what do you guys think about buying shares speculating on the tender completion??
