Arcam AB (publ) logo

ARCM BTA - Arcam AB (publ) News Story

SEK295 0.0  0.0%

Last Trade - 14/11/17

Sector
Industrials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £67.5m
Position in Universe th / 1838

BRIEF-GE issues 5.9 bln SEK recommended cash bid for Swedish 3D printer maker Arcam

Tue 6th September, 2016 7:00am
Sept 6 (Reuters) - Arcam  ARCM.ST  
    * GE Sweden Holdings, a Swedish company within the GE 
Aviation operating unit and an indirectly wholly-owned 
subsidiary of General Electric Company, has today announced a 
public cash offer to the shareholders of Arcam to tender all 
ordinary shares for a consideration consisting of SEK 285 in 
cash per Share, which corresponds to a total Offer value of 
5,855,776,725 SEK 
    * Statement by the board of directors of Arcam in relation 
to the public offer by GE 
    * Says offer represents a premium of 53.23 per cent to 
closing price of SEK 186.00 per share on Nasdaq Stockholm on 
September 5, 2016 
    * Says board unanimously recommends Arcam shareholders to 
accept offer 
    * GE says does not intend to make any material changes for 
Arcam's employees, including their terms of employment and the 
locations of business. 
    * GE Group says believes Additive Manufacturing is the next 
step in GE Group's development as a Digital Industrial company, 
and Arcam is a respected player in the 
additive space as the inventor of EBM technology (Electron Beam 
Melting). 
 
Source text for Eikon:  ID:nWkrif3116  
Further company coverage:  ARCM.ST  
 
 (Stockholm Newsroom) 
 ((stockholm.newsroom@thomsonreuters.com; +46 (0)8-700 10 10;))
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