Just this week I rolled my self directed 401(K),which held ARCAM shares trading in Stockholm, over to a self directed IRA. Those shares automatically converted to AMAVF on the OTC. Not real happy about that. Anyway, I emailed Arcam Legal the following and received the below reply. I also asked the same question of Axel Weibull and haven't received anything back yet:
Good morning,
My only question regarding the GE buy-out is how Arcam ADR (AMAVF) which trades OTC will be handled for holders of that security here in the United States. We have noticed that AMAVF has been trading OTC in a strange way even after Arcam was delisted from the Nasdaq Stockholm. Any information regarding the compulsory buy-out proceedings to buy-out all minority shares in Arcam US ADR would be helpful.
Thank you and look forward to your reply.
Från: Arcam Legal <legal@arcam.com>
Skickat: den 7 maj 2018 16:39
Till: Daniel Sveen <Daniel.Sveen@gda.se>
Ämne: VB: buy-out procedure
It is correct that the shares in Arcam was delisted from Nasdaq Stockholm on 26 January 2018 and that GE has initiated a compulsory buy-out procedure regarding the minority shareholders’ Arcam shares in accordance with the Swedish Companies Act. In this buy-out procedure, GE will acquire the remaining shares for a price that will be determined by an arbitral tribunal. A timetable for the proceedings has not yet been established and it is too early to say when the price will be determined or when GE will acquire and pay for the shares. The Swedish Companies Registration Office has appointed a trustee, Axel Weibull (axel.weibull@lindahl.se), who will represent absent shareholders in the proceedings. I suggest that you contact him if you have any questions.
Best regards,
Daniel
