EVENDALE, Ohio--GE announced today that it will not extend or change the terms of the tender offer for the outstanding shares of SLM Solutions. The acceptance period expires on Monday, October 24.
GE has offered 38 € per share, which is a 38% premium over the SLM stock price as of September 5, the day before GE made its public offer. The minimum acceptance condition is more than 75%.
GE and the SLM leadership encourage shareholders to tender their SLM shares in order to make the deal successful within the acceptance period. As a leading end user of additive today, GE is committed to driving the additive revolution by providing innovative technologies, equipment and services to industries around the world.
GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet and turboprop engines, 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 and is part of the world's Digital Industrial Company with software-defined machines and solutions that are connected, responsive and predictive.