FAIRFIELD (dpa-AFX) - Conglomerate General Electric Co. (GE) Monday said that GE Germany Holdings AG, 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.
The publishing of offer document follows GE's public announcement on September 6 of its intention to acquire SLM Solutions.
The offer price is 38 euros per share, an approximately 50.85% premium over SLM's weighted average share price in the 3-month period prior to announcement. It also represents an approximately 36.69% premium over SLM's final share price on September 5, 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. SLM shareholders can accept the offer as set forth in the offer document.
The acceptance period will end on October 24. 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.
Copyright RTT News/dpa-AFX