GE Sweden Holdings AB, a wholly-owned subsidiary of General Electric Company and part of GE Additive and GE Aviation, has agreed to acquire Elliott Management’s and Polygon Investment Group’s respective shares in Arcam for SEK 345 per share.
Upon the completion of the acquisitions, GE will hold approximately 95% of the shares in Arcam.
GE reportedly plans to buy-out the remaining shares in Arcam andintends to request Arcam to apply for delisting of its ordinary shares from Nasdaq Stockholm.
Arcam says that it will announce further information on the contemplated buy-out and the delisting as soon as formal decisions have been made.
This story is reprinted from material from GE, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.