GE Not To Extend, Alter Terms Of Offer For SLM - Quick Facts

(RTTNews) - Conglomerate General Electric Company (GE) Friday said it would not extend or alter the terms of the tender offer for the outstanding shares of SLM Solutions. The acceptance period expires on October 24.

GE has offered 38 euros per share for SLM Solutions, which is a 38 percent 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 percent.

Last month, GE Germany Holdings AG, within the GE Aviation operating unit, published the offer document for the voluntary public takeover offer for all outstanding shares of SLM Solutions Group AG.