Arcam AB fka AMAVF

[Tom Joad]

re: Not participating?

If Elliot participates fully, yes, they prevent GE from getting to 90%, but will Elliot participate? The point of my message was to provide a way of thinking about how the percentages work, that if we all fully participate then we'll all own the same percentages as before, because it seemed in a comment or two that someone didn't fully appreciate how percentages worked in these cases. I just chose to cover one scenario.

The links I could find in old posts did not work, but I have this summary from Charlie Colton's post # 5104-

The following might/will come into play depending on the GE share holdings after November 1st:

*30 % of the total number of votes in the company - substantial holding level which requires the holder to announce the magnitude of the shareholding and within four weeks place a mandatory bid regarding the remaining shares;

*Over 50 % of the total number of votes in the company - voting control of the target;

*Over 66 % (2/3) of the total number of votes in the company - holder can ensure that certain special resolutions are passed e.g. directed share issues;

*Over 90 % of the total number of shares in the company - confers the ability to compulsorily acquire remaining shares in the company.