Not sure there is a holdout option. As far as I can tell the Swedish squeeze-out process effectively has an arbitration process with a 3 person panel - one appointed by GE, one appointed by the regulator and 3rd agreed upon by the first two. GE will state their price which not unreasonably will be what they offered Elliot in December 345 SEK. Now, at some point shareholders will get to voice their opinion on the price to the panel and they'll weigh up the arguments and then decide on a price that everyone has to take.
I guess since I didn't sell when I had the chance, I was gambling that somehow the panel might decide a higher price (based on no evidence and a total long shot). In hindsight I've now locked in my money for some unknown amount of time which was not a smart move given my above justification.
It still amazes me how irrational I can be about investing after 20+ years of doing it!
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