Axel Weibull
I am really frustrated by this response from Axel Weibull.
Any price below 345SEK is simply stealing at broad daylight....
The price should be somewhere between 370-405SEK.
The remaining shareholders are being forced out against their will. Most shareholders would likely reject an offer of 345SEK if they had a say in this. This means that GE would never be able to achieve 90% ownership when they did, at any price below 345SEK. Therefore I am baffled by the response from Axel Weibull, mentioning a likely price range between 300SEK-345SEK. How is that fair to the remaining investors?
It is not just about estimating the value of the company or guessing about the future success of the company, because we all disagree on this and only the future will tell who was right. A squeeze out is about investors being forced out against their will. If GE believes that the value of the company is lower than 345SEK, then they dont deserve the privilege to squeeze out the remaining investors! In that case, let us stay invested for the long term for christ sakes!
In my opinion, the squeeze out price should be based on the following ingredients:
1) A base price of 345SEK (below which 90% ownership would not have been possible).
2) A squeeze out premium of 5-15% to compensate investors for being forced out against their will.
3) 2% interest to compensate investors for the time their money is locked up while the squeeze out process is handled. (I personally pay approximately 3% interest on my real estate loan, while my investment funds are locked up in this squeeze out).
This would lead to a price somewhere around 370-405SEK.
What do you make of all this?
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