Do GE sacrifice SLM as an “Elliot trap”? Is this part of a clever plan B?
Elliot should by now have a heavy, and potentially heavier, minus on their 20% of SLM – a potential minus in Arcam as well if GE would walk away. Maybe Elliot could be happy to get out of Arcam with 285 + less % … just 285 will probably not be accepted by Elliot and plenty of others ... including me.
I still bet on a last-minute rise of the Arcam bid as I think GE dearly want 100% of Arcam 20-40% up on the bid wouldn’t be a problem for GE … just “peanuts”!
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