GE Enhances Tender Offer for Arcam AB
GE (NYSE: GE) today announced that it has changed the terms of its tender offer for all of the outstanding shares of Arcam AB of Sweden, and has extended the acceptance period through 5 p.m. CET on November 10.
GE has increased the offer price for each Arcam share to 300 SEK. GE will not further increase the price of the offer. GE has also reduced the minimum acceptance threshold to 75%.
The Arcam board of directors continues to unanimously recommend that Arcam's shareholders accept GE's offer.
“We have taken further steps to pursue Arcam ownership as we advance our additive strategy,” said David Joyce, GE vice chairman and president and CEO of GE Aviation. “We are delighted to achieve the strategic cornerstone in our additive strategy by announcing today our acquisition of Concept Laser. The Arcam offer is a next step in our strategy. We have become the partner of choice in the additive space and are receiving numerous requests for alternative ways to accelerate our strategy.”
As a leading end user of additive today, GE is committed to driving the additive revolution by providing world-class equipment and technologies to customers across several industries.
Information om Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Følg pressemeddelelser fra Business Wire
Skriv dig op her og modtag pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Business Wire
TOSHIBA-CORPORATION26.9.2018 04:03 | pressemeddelelse
Toshiba's New Global Brand Identity to Promote Growth and Development
NY-MOODY’S25.9.2018 22:32 | pressemeddelelse
Moody’s Names Mona Breed as Chief Information Officer
NY-INTERNATIONAL-WELL25.9.2018 20:02 | pressemeddelelse
IWBI Announces First WELL Portfolio Participants
NY-GSMA25.9.2018 19:02 | pressemeddelelse
Mobile Industry Accelerating Delivery of Sustainable Development Goals, According to Latest GSMA Report
PHILIP-MORRIS-INTL25.9.2018 17:45 | pressemeddelelse
PMI: Taking Bold Action for Global Change: a Conversation on Tobacco Today and Transformation for Tomorrow
MA-EXAGRID25.9.2018 17:24 | pressemeddelelse
ExaGrid Achieves a Net Promoter Score of +73
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum