Contacted Axel Weibull.
I emailed some questions and received the response shown below each question:
I am writing to you in your capacity as the designated trustee for minority shareholders in the squeeze out process that GE has initiated for all remaining shares.
I am a shareholder of ARCAM AB (STO: ARCM) through shares purchased in the US through over the counter asset (OTC: AMAVF). I held these shares at the announcement of the squeeze out and had a few questions I was hoping you could answer:
1). Are non-Swedish shareholders treated any differently during the process?
1. No.
2). I understand the process can take several months and even possibly 12+ months however I assume that GE must make an offer within a certain timeframe?
2. Yes, the process will take several months and likely about a year before the arbitration tribunal announces a final arbitral award. However, GE has informed us that GE will claim advance title (please refer to Section 5 of the letter). If GE makes such a claim, the minority shareholders will receive advance payment in approx. three months from now.
3). Is GE legally obliged to offer a minimum price? Either the price they paid to exceed 90% holdings (345 SEK) or the closing price on the day before delisting?
3. No. Neither we nor GE have presented any claim regarding the price per share yet. GE will likely claim a price per share between SEK 300 (takeover bid price) and SEK 345 (paid to certain minority shareholders to exceed 90%). We hope of course that we can claim SEK 345 (or more), but it is too early to say at this stage.
