Arcam news Swedish OEM Arcam has announced that it is launching a preferential rights issue of 4,109,286 ordinary shares. The company’s existing shareholders will be given the opportunity to purchase a specific number of securities at a specific price (detailed within the company’s prospectus) during the subscription period of 25 October 2017 – 9 November 2017. This announcement follows the news that GE, Arcam’s parent company, was set to make $20 billion worth of cuts following poor market performance.
This could augur well for us if Arcam is running low on operating capital!