3D Systems Confirms Submission of Proposal To Combine With Stratasys
Portfolio Pulse from Benzinga Newsdesk
3D Systems has submitted a proposal to merge with Stratasys in a cash and stock deal, converting each Stratasys share into $7.50 in cash and 1.2507 shares of 3D Systems common stock. The merger would create an additive manufacturing industry leader, with Stratasys shareholders owning 40% of the combined company and receiving approximately $540 million in cash.
June 02, 2023 | 11:31 am
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POSITIVE IMPACT
3D Systems' proposal to merge with Stratasys could create an additive manufacturing industry leader, potentially benefiting 3D Systems' stock.
The merger would create a larger, more competitive company in the additive manufacturing industry. This could lead to increased market share, improved economies of scale, and potential synergies, which may positively impact 3D Systems' stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 50
POSITIVE IMPACT
Stratasys shareholders would receive $7.50 in cash and 1.2507 shares of 3D Systems common stock per share, owning 40% of the combined company, potentially benefiting Stratasys' stock.
The proposed merger would provide Stratasys shareholders with a significant cash payout and ownership in a larger, more competitive company in the additive manufacturing industry. This could lead to increased market share, improved economies of scale, and potential synergies, which may positively impact Stratasys' stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 50