Arcam AB fka AMAVF

[flying_trader]

Mr.Twenton, are you sure about that?

It has been my understanding that arbitrators/accumulators are active in every take over, they are the ones buying on the day of the announcement usually for a few percent under the offer price and then they tender to the company making the offer... It is my understanding the company making the offer has no obligation to retroactively change the price of a Buy/Sell transaction... they only have an obligation to treat all the shares tendered in the same way, so if they raise the tender price after "A" tenders, than "A" still gets the benefit of the new higher price... not so if the company Buys from an accumulator or on the open market for that matter... they still have to report changes in ownership by every 5% but they don't have to go back and readjust those prices they paid...

At least that is/was my understanding... could be wrong and maybe it is different in Sweden....

Mr. Market is sure pricing in some much higher risk that GE will pull the offer now...

Cheers