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General Electric increasing ownership in Arcam

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General Electric Co. is purchasing both Elliott Management's and Polygon Investment Group's outstanding shares in Sweden's Arcam.

GE officials said the company would pay $41.44 for each Arcam share.

The stock purchase would increase GE's ownership stake in electron-beam melting machine maker Arcam to 95 percent from 77 percent.

Read more from Dow Jones Newswires.

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