General Electric Co can build its 3D printing capability without buying Germany’s SLM Solutions and does not need to increase its takeover offer in light of opposition from a major shareholder, GE Chief Financial Officer Jeff Bornstein said on Friday. GE refused on Friday to extend or change its 38-euro-a-share offer for SLM after activist investor Elliott Advisors, which owns 20 percent of SLM, said it would reject GE’s offer. “We have options and alternatives,” Bornstein told Reuters in an interview.
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GE CFO sees alternatives to SLM 3D printing purchase