FILE PHOTO: The General Electric logo is pictured on the General Electric offshore wind turbine plant in Montoir-de-Bretagne, near Saint-Nazaire, western France, November 21, 2016. REUTERS/Stephane Mahe/File Photo
December 27, 2017
(Reuters) – General Electric Co <GE.N> said on Wednesday it will increase its stake in Swedish 3D printer maker Arcam AB <ARCM.ST> to more than 90 percent from 77 percent.
GE said it will buy Arcam’s outstanding shares that are owned by Elliott Management and Polygon Investment Group for 345 Swedish crowns ($41.44) per share.
GE, which bought a controlling stake in Arcam in late 2016, said on Wednesday it plans to request Arcam to delist its shares on the Nasdaq Stockholm exchange.
(Reporting by Philip George in Bengaluru; Editing by Sayantani Ghosh)
