Sailor to answer your question, NO, Elliot isn't acting for others. IF you check their history, in multiple transactions, and not just to thwart GE, Elliot has established a MO
For you information, in many situations, and not just to counter GE, Elliot buys just enough to thwart ownership and be obstructionist, uses minority rights and obstruction and distraction to try to extort a premium and sometimes is successful and sometimes not. They did it with Axis, with another Swedish company and with junk bonds. Wait till a merger/refinance is announced, buy enough to thwart and then extort a better deal. That's their history. It is not to be a white knight and help competitors prevent GE from owning Arcam. Just like GE will not pay you the premium you think you deserve and does not need the 100% you keep harping on.
To answer you question Sailor, no one thinks arcam is trading nicely or that Elliot is a white knight working on behalf of companies and institutions to prevent GE full ownership. Elliot is doing what Elliot does. Works with weak players, will not work with GE or Cannon.
IMHO, there was no competing noise or bids, which did surprise me, because EBM is a small player. Lots of research and experimentation going on, but so far only GE has elected to use EBM in volume production and that so far only for one part, actually a partial part, a few blades in the turbine, not all. Per one poster, even that part is not certified yet so volume production cannot start.
Insurance policy???? Nope. GE can do everything it wants operationally with 75% of the company as well as 90% or 100% and it has that operational control now at 33ish pps and not the 70 or 90 some of you think justified.
As Elliot goes, we all GO???????? Come on, you want to put the die hards in the same boat as Elliot?.
Elliot will not get bought out for at least 6 months and bet never.
