General Electric (GE) abandons SLM acquisition - Bloomberg

October 26, 2016 12:28 PM EDT

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General Electric (NYSE: GE) abandons SLM acquisition, according to Bloomberg. The company said its tender offer for SLM wasn't reached.

In September, GE announced plans to acquire two suppliers of additive manufacturing equipment, Arcam AB and SLM Solutions Group AG for $1.4 billion.

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