You are partially right. GE must match any increased price on tendered shares. It does not apply to shares directly bought or sold on the market where ownership is conveyed immediately. Must make a distinction between bought and tendered shares, the former are done with no match and the latter must be matched for 6 months. Accuracy is important.
And on accuracy, I said GE had effective ownership of 40% which it could have accepted and changed ownership of arcam shares at the end of the 1st tender period rather than 19%. Obviously, when the shares were not accepted and the period was extended, the matter went back into a state of flux and as I've said all along we won't know where GE is towards its goal till expiration but it will be higher than 19%. Shares tendered show how far GE is progressing towards its ownership goal, not the filings, and as I've said we won't know that till the expiration of the extended period. Please note the difference, which keeps escaping, between immediate ownership (bought shares) and tendered shares which only covey a change if accepted. This is why we don't know about the latter from the filings yet they are important to show trends and how far GE is progressing (not there) towards its ownership goal.
