Me thinks both. GE WANTS all of arcam, 100%, but it knows with Elliot it won't get 90%, hence 100%. It will probably accept 50%, maybe a little lower, to get effective and/or operational control (40 vs 50%) and then work towards some more on the market given that both share types are now under water. Friday was a great day to buy another 2% at market. No one ever said ge was dumb or not a hard ball player. Their job is to get arcam as cheaply as they can. Ours is to determine what is a fair price, and that price is not what we want it to be (600/90) it is what the market considers a fair price and right now its below the tender.
The currency exchange just helps GE and why the focus on dollars???? GE may be buying the company with euros or sek, with some of that money they can't bring home as its GE Sweden that's actually buying the company. THey may be using non dollars to buy the basic shares and us money to buy he ADS. who knows but ge will do what is in their best interests. That's part of the reason I think operational control, with nuisance Elliot, will be acceptable. Elliot can make noise about process, minority rights, but not standards, patents, technology or basic business decisions, etc
