GE publishes offer document for the takeover of SLM Solutions

Boston-based GE, the global digital industrial company, acting through its wholly owned subsidiary GE Germany Holdings AG, a German stock corporation within the GE Aviation operating unit, has published the offer document for the voluntary public takeover offer for all outstanding shares of SLM Solutions Group AG (SLM) of Germany.
The offer price is EUR38 per share, an approximately 50.85% premium over SLM’s weighted average share price in the 3-month period prior to announcement and an approximately 36.69% premium over SLM’s final share price on September 5, 2016, the last trading day prior to GE’s announced intention to acquire the company.
The acceptance period will end at 24:00 hours (CET) on October 24, 2016. The offer is subject to standard market conditions, including, among others, a 75% acceptance condition that must be met at the time of the expiration of the acceptance period.
David Joyce, President & CEO of GE Aviation, said: “This offer is very attractive for all shareholders. We at GE are excited about the options additive manufacturing holds for us and to develop SLM further in the coming years by extending its line of additive manufacturing equipment and products.” As stated in the offer document, GE is committed to develop SLM further while maintaining its headquarters, as well as retaining its management teams and employees.