Deals
Elliott’s Paul Singer Buys More of GE’s 3-D Printer Target
- Hedge fund intends to ‘exert influence’ at Germany’s SLM
- GE is trying to bolster its additive manufacturing capability
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Billionaire Paul Singer is boosting his stake in a German 3D printer company after General Electric Co. this month announced it was pursuing an acquisition.
Singer, founder of hedge fund Elliott Management Corp., plans to acquire additional voting rights in SLM Solutions Group AG in the next 12 months, he said Wednesday in a filing after surpassing the 10 percent threshold. Singer, who owns 16 percent of SLM’s shares, also intends to “exert influence” over matters such as the company’s capital structure and the makeup of managing and supervisory bodies.