That's right - as I said they can retain control by using some of the arcane aspects of Delaware company law. My uncertainty is that currently GE has complete control with 76% of GLE and 51% of GEH. This means that GE do not even have to consult minority shareholders. If the dilute (below 75%) they lose this complete control (not operational control). My other confusion is that however much is mayappear to be illogical to us it would seem that GE/GEH have announced that the term sheet allows SLX to dispose of all GEH/GE holdings; but I guess its up to GE at the end of the day to agree with the new partner an acceptable price/deal. Hopefully we shall see soon.
SLX Price at posting:
85.5¢ Sentiment: Buy Disclosure: Held
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