Arcam AB fka AMAVF

[KR_uk]

Found someone who was able to Google the relevant section of the Swedish regulator and found this website which you can google translate https://lagen.nu/2005:551#K22 (chapter 22 - redemption of Minority Shares)

And the relevant section about withdrawal of the offer (using Google translate so cannot answer to the accuracy of the text). It doesn't clearly state what happens if GE are unable to pay for the minority shares...which if they go bankrupt becomes a real possibility. We could be stuck in litigation for years. What a mess!

Withdrawal of action, etc.
The majority shareholder's obligation to complete the action
[K22]Section 16 If the majority shareholder revokes his claim for redemption, the majority shareholder is, if there are conditions for redemption pursuant to section 1 , obliged to redeem minority shareholder's shares at the request of minority shareholders or the good man.

[K22]Section 17 If the majority shareholder's right of solicitation pursuant to section 1 has lapsed due to the transfer of shares by the majority shareholder or its subsidiary, the majority shareholder is still required to settle the counterparty's shares. However, an application for redemption may be made only in respect of shares held by any party other than the majority shareholder or subsidiary to it on the day the majority shareholder requested that the dispute be settled by arbitrators. With a subsidiary, such a legal person as referred to in section 1, third paragraph , is treated as equivalent .

[K22]Section 18 If pre-admission has been decided pursuant to section 12 , the majority shareholder may not subsequently revoke his action.