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Activist investor Elliott increases stake in GE target SLM to 20 pct
October 14, 2016 / 9:06 AM / a year ago

Activist investor Elliott increases stake in GE target SLM to 20 pct

FRANKFURT, Oct 14 (Reuters) - SLM Solutions :

* Says activist investor Elliott has increased its stake in the 3D printer manufacturer to 20 percent from 16 percent.

* Says increase in holding effective Oct. 11.

* Regulatory releases show Elliott started building a stake in SLM shortly after General Electric announced plans to buy the company on Sept. 6.

* GE’s offer runs to Oct. 24 and is conditional upon a 75 percent acceptance rate.

* Shares in SLM stand at about 41 euros, well above GE’s 38-euro-per-share offer. (Reporting by Maria Sheahan; Editing by David Goodman)

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