GE Aviation controls 76.15 percent of the shares in Arcam and does not further extend the acceptance period Fri, Dec 02, 2016 08:00 CET
Stockholm, December 2, 2016. On September 6, 2016, GE Sweden Holdings AB (“GE”), a Swedish company within the GE Aviation operating unit and an indirectly wholly-owned subsidiary of General Electric Company [1] , announced a recommended public cash offer to acquire all ordinary shares [2] in Arcam Aktiebolag (publ) (“Arcam”) for a consideration of SEK 300 per ordinary share in cash (the “Offer”). On November 14, 2016 GE declared the Offer unconditional and that the Offer will be completed. The acceptance period for the Offer ended on November 29, 2016.
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