Why Desktop Metal (DM) Stock Is Trading Higher Premarket Today
Portfolio Pulse from Anusuya Lahiri
Desktop Metal (DM) stock is trading higher after announcing a $1.8 billion all-stock merger with Stratasys (SSYS). The combined company is expected to generate $50 million in annual cost synergies by 2025 and $1.1 billion in revenue.
May 25, 2023 | 12:44 pm
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POSITIVE IMPACT
Desktop Metal's stock is trading higher after announcing a merger with Stratasys, which is expected to generate cost synergies and increased revenue.
The merger with Stratasys is expected to create a stronger additive manufacturing company, generating cost synergies and increased revenue. This positive news is driving Desktop Metal's stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Stratasys is merging with Desktop Metal in an all-stock transaction, which is expected to generate cost synergies and increased revenue for the combined company.
The merger with Desktop Metal is expected to create a stronger additive manufacturing company, generating cost synergies and increased revenue. This positive news is likely to drive Stratasys' stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100