Moosey, You may be right, however in this context I cannot understand why GEH would want out of GLE. It would seem that the term sheet freezes GEH into a dilution of GLE but this would mean (even if some equity was lost to SLX) GE loosing complete control (which they have by holding 76% and 51% of the GEH holding). Whilst they could (but this is not what they have said) only still "control" GLE with +50% (or a Rupert Murdoch type wangle under Delaware law) they would loose complete control as +25% by minority SH's means that they alone their rights are restricted. I guess we shall know soon.
Another explanation could be that for GE it is undesirable to hold a monopoly (i.e there is more profit to be made in sharing the technology), however the argument against this is that GLE could sub-licence the technology to other companies.
SLX Price at posting:
85.0¢ Sentiment: Buy Disclosure: Held
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