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3d Systems

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business2 years ago

Stratasys Enters Talks with 3D Systems, Rejects Nano Dimension Offer

Stratasys has announced that it will enter into talks with 3D Systems regarding its revised offer, which the board believes could be considered a "superior proposal" to its deal with Desktop Metal. Stratasys also rejected Nano Dimension's revised partial tender offer. 3D Systems increased its cash and stock offer for Stratasys to $24.07 per share, prompting Stratasys to conduct due diligence on 3D Systems' business and negotiate terms. Desktop Metal's stock rose, while 3D Systems' stock fell.

via Seeking Alpha|
#3d-systems#acquisition#business
business2 years ago

Consolidation in 3D Printing Industry: Stratasys, 3D Systems, and Desktop Metal Merger Plans and Acquisition Offers.

3D Systems has proposed a merger with Stratasys, offering $7.50 per share in cash and 1.2507 shares of newly issued 3D Systems common stock for each Stratasys share. The deal would create a global leader in additive manufacturing, with Stratasys shareholders having a 40% stake in the new entity and receiving approximately $540 million in cash. The proposed deal, including synergies, is worth about $1.8 billion and a 70% value uplift for Stratasys shareholders. The merger is expected to receive regulatory approval in a timely manner.

via 3D Printing Industry|
#3d-printing#3d-systems#additive-manufacturing
business2 years ago

3D Systems Makes Unsolicited Takeover Bid for Stratasys, Stock Rallies.

3D Systems has submitted a proposal to combine with Stratasys in a cash and stock merger that would create an additive manufacturing industry leader, with Stratasys shareholders owning 40% of the combined company and receiving approximately $540 million in cash. The proposal provides value of approximately $25 per Stratasys share, a 70% uplift for Stratasys shareholders. The combined company is positioned to deliver at least a total value in excess of $1,840 million to Stratasys shareholders, approximately $740 million in excess of Stratasys’ fully diluted market capitalization.

via Yahoo Finance|
#3d-printing#3d-systems#additive-manufacturing