Stratasys Board Of Directors Unanimously Determines Proposal From 3D Systems Does Not Constitute A Superior Proposal To Its Agreement With Desktop Metal
Portfolio Pulse from Happy Mohamed
Stratasys' Board of Directors has unanimously determined that the proposal from 3D Systems to acquire Stratasys does not constitute a superior proposal to its agreement with Desktop Metal. The board has not changed its approval of the previously announced transaction with Desktop Metal.
June 20, 2023 | 2:26 pm
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POSITIVE IMPACT
Stratasys' Board maintains its agreement with Desktop Metal, rejecting 3D Systems' acquisition proposal.
Stratasys' Board has maintained its agreement with Desktop Metal, rejecting 3D Systems' acquisition proposal. This decision is likely to have a positive short-term impact on Desktop Metal's stock price, as it reaffirms the company's position in the ongoing merger process with Stratasys.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Stratasys' Board rejects 3D Systems' acquisition proposal, maintaining its agreement with Desktop Metal.
Stratasys' Board has determined that the proposal from 3D Systems does not constitute a superior proposal to its agreement with Desktop Metal. This decision maintains the status quo for Stratasys, and the short-term impact on its stock price is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
3D Systems' proposal to acquire Stratasys has been rejected by Stratasys' Board of Directors.
3D Systems' proposal to acquire Stratasys has been rejected, which may negatively impact its stock price in the short term as the market reacts to the news. The rejection indicates that 3D Systems may need to explore other opportunities for growth.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100