Replies to post #4524 on Arcam AB fka AMAVF

[flying_trader]

Mr.Twenton, I think a seller could...

I am not a security lawyer, but I don't think there would be anything wrong with an Oppenheimer, for example, agreeing to sell their 15% to GE as I believe they did, BUT under an agreement that they receive any increase in bid price that may occur. I would not be surprised if GE has negotiated such arrangements with others. They are still bound to offer everyone the same price but if they increase it, than they would have to pay the large holders who came in early the higher price... it's just speculation on my part so take it with a huge grain of salt..

Cheers

[charlie T colton]

Mr Twenton, how do you interpret this?

When does the obligation to report major shareholdings arise in a takeover bid?

When does the obligation to report major shareholdings arise in a takeover bid?

The part that accepts the takeover bid shall file a notification of major shareholdings as soon as possible, but no later than three trading days after the bidder discloses that it will fulfil the offer.

The same applies for the bidder, i.e. that the obligation to report major shareholdings arises when the outcome is disclosed after the acceptance period has expired.



It sounds like both parties would be required to file a notification within 3 days if GE made an offer to buy a large amount of shares from another party (Oppenhiemer, for example).



Opinions, anyone?