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Stratasys

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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
finance2 years ago

Nano Dimension Raises Special Tender Offer Price for Stratasys Shares to $24.00 in Cash

Nano Dimension has increased its special tender offer price for Stratasys shares to $24.00 per share in cash, which is 220% more cash than alternative offers. Nano Dimension opposes Stratasys' proposed merger with Desktop Metal and has nominated seven highly qualified directors for election to Stratasys' Board of Directors. The tender offer expiration date remains unchanged, and shareholders have until July 24th to tender their shares. Nano Dimension intends to explore strategic industry consolidation, including a potential combination with 3D Systems, following the successful completion of the special tender offer.

via Yahoo Finance|
#board-of-directors#finance#nano-dimension
stock-market2 years ago

Stocks on the Move: Delta, Generac Rally While Walgreens and Lordstown Tumble

Delta Air Lines raised its full-year outlook for earnings and free cash flow, causing its shares to rise more than 3%. Generac Holdings saw a 7% jump in its shares after reporting a "dramatic increase" in sales in its Texas region due to a heat wave. Stratasys received two unsolicited buyout bids, causing its shares to shoot up nearly 8%. Walgreens Boots Alliance tumbled 9.7% after reporting a fiscal third-quarter profit that missed expectations and slashing its full-year outlook. Lordstown Motors filed for bankruptcy protection, causing its shares to slump 37%.

via MarketWatch|
#delta-air-lines#generac-holdings#lordstown-motors
business2 years ago

3D printing market sees consolidation with Stratasys, Desktop Metal, and 3D Systems acquisition proposals.

3D Systems has proposed an unsolicited bid to acquire Stratasys, following Stratasys' announcement of plans to merge with Desktop Metal. Stratasys had previously rejected a bid from shareholder Nano Dimension. The proposed acquisition by 3D Systems comes in at $7.50 in cash and 1.2507 in stock per share, just shy of Nano Dimension's $18 per share proposal. Stratasys will "carefully review" the new proposal ahead of the planned Desktop Metal deal, set to close in Q4.

via TechCrunch|
#3d-printing#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
business2 years ago

Stratasys to Acquire Desktop Metal in $1.8B Deal.

Stratasys has agreed to acquire 3D printer company Desktop Metal in an all-stock deal valued at about $1.8 billion. Under the terms of the agreement, Desktop Metal holders will receive 0.123 shares of Stratasys for each Desktop Metal share. Stratasys shareholders will own approximately 59% of the combined company, and legacy Desktop Metal stockholders will own approximately 41% of the combined company. The deal is expected to close in Q4, subject to the approval of DM and SSYS holders.

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

Stratasys to Acquire Desktop Metal in $1.8B All-Stock Merger

Stratasys is set to acquire Desktop Metal in an all-share deal valued at $1.8 billion, subject to regulatory approval. The acquisition is expected to close in Q4 2023. Shares in Desktop Metal rose 30%, while Stratasys' equity decreased by 2.49%. The acquisition is expected to help Stratasys expand in the metal 3D printing segment, which is the fastest-growing segment in the industry. The combined entity is expected to unlock value via a reduction in operating costs and economies of scale.

via 3D Printing Industry|
#3d-printing#acquisition#business
business2 years ago

Stratasys and Desktop Metal in Merger Talks for 3D Printing Industry Dominance

Stratasys is in advanced talks to acquire Desktop Metal in an all-stock deal that could value the combined company at about $1.8 billion, according to sources. The deal would create a leading 3D printer company in a fragmented industry. Stratasys shareholders would own a majority of the combined company. The 3D printing industry is expected to expand to more than $100 billion by 2032.

via Yahoo Finance|
#3d-printing#acquisition#business