GE Publishes Offer Document for the Public Takeover Offer for SLM Solutions Group AG – Acceptance Period until October 24, ...
September 26 2016 - 3:30AM
Business Wire
GE (NYSE:GE, together with its subsidiaries, the "GE Group"),
the world’s leading digital industrial company, acting through its
wholly owned subsidiary GE Germany Holdings AG, a German stock
corporation within the GE Aviation operating unit ("BidCo"), today
published the offer document for the voluntary public takeover
offer for all outstanding shares of SLM Solutions Group AG (“SLM”)
(ISIN: DE 000A111338).
Today’s publishing of the offer document follows GE’s public
announcement on September 6, 2016, of its intention to acquire SLM
Solutions Group AG.
The offer price is EUR 38 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 publication of the offer document was approved by the German
Federal Financial Supervisory Authority ("BaFin") in accordance
with the German Securities Acquisition and Takeover Act
(Wertpapiererwerbs- und Übernahmegesetz - WpÜG). SLM shareholders
can accept the offer as set forth in the offer document.
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: “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.
As of today, the offer document is available for download at
www.laser-angebot.de. A non-binding
English convenience translation is available free of charge at
www.geaviation.com/additive.
About GE and GE Aviation
GE (NYSE: GE) is the world’s Digital Industrial Company,
transforming industry with software-defined machines and solutions
that are connected, responsive and predictive. GE is organized
around a global exchange of knowledge, the "GE Store," through
which each business shares and accesses the same technology,
markets, structure and intellect. Each invention further fuels
innovation and application across our industrial sectors. With
people, services, technology and scale, GE delivers better outcomes
for customers by speaking the language of industry. www.ge.com.
GE Aviation, an operating unit of GE, is a leading provider of
jet and turboprop engines and components, integrated digital,
avionics, electrical power and mechanical systems for commercial,
military, business and general aviation aircraft. GE Aviation has a
global service network to support these offerings. For more
information, visit us at www.geaviation.com.
Caution Concerning Forward-looking
Statements
This document contains "forward-looking statements" – that is,
statements related to future events that by their nature address
matters that are, to different degrees, uncertain. For details on
the uncertainties that may cause our actual future results to be
materially different than those expressed in our forward-looking
statements, see the offer document at www.laser-angebot.de and GE’s
website at
http://www.ge.com/investor-relations/disclaimer-caution-concerning-forward-looking-statements
as well as our annual reports on Form 10-K and quarterly reports on
Form 10-Q. We do not undertake to update our forward-looking
statements. This document also includes certain forward-looking
projected financial information that is based on current estimates
and forecasts. Actual results could differ materially.
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version on businesswire.com: http://www.businesswire.com/news/home/20160926005420/en/
GE Media Contact:Rick Kennedy, +1
513-607-0609Rick.L.Kennedy@ge.comorGE Investor Contact:Matt
Cribbins, +1 617-445-3003M.Cribbins@ge.com
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