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21-Jan-2011 07:54 AM

GE Austria offer for Wellstream extended

General Electric Austria's recommend cash offer for Wellstream Holdings has been extended to 3 February. GE Austria said that at the first closing date yesterday (20 January) it had received valid acceptances in respect of 59,672,523 Wellstream sha
14-Jan-2011 08:02 AM

GE Austria offer for Wellstream on track

General Electric Austria's recommeded cash offer for Wellstream Holdings is set to be declared wholly unconditional on 20 January. GE Austria said the only merger control filing required in connection with the offer - a filing in Brazil - had been m
13-Dec-2010 09:06 AM

General Electric agrees deal for Wellstream

General Electric Austria has agreed an £800m deal for Wellstream. General Electric Austria is offering 780p in cash for each Wellstream share and a special divided of 6p per share. The offer price and the special dividend represent a premium of 29.1% to
06-Oct-2010 07:05 AM

GE may withdraw from Wellstream bid

General Electric (GE) has said this morning that it is disappointed that the directors of Wellstream Holdings has not accepted its takeover terms. GE's bid is worth £7.50 per share. It says that there is no certainty it will take any further action

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