Stratasys Files Preliminary Form F-4 And Additional Revenue And EBITDA Estimates For Superior Value Combination With Desktop Metal; Combined Co Expected To Generate More Than $1.6B Of Revenue And More Than $300M Of EBITDA In 2026 At Base Case
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Stratasys has filed a preliminary Form F-4 and provided revenue and EBITDA estimates for its proposed combination with Desktop Metal, which is expected to generate over $1.6 billion in revenue and more than $300 million in EBITDA in 2026. The Stratasys board has determined that the unsolicited proposal from 3D Systems does not constitute a superior proposal to its agreement with Desktop Metal.
June 20, 2023 | 2:27 pm
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NEGATIVE IMPACT
Stratasys' board has determined that the unsolicited proposal from 3D Systems does not constitute a superior proposal to its agreement with Desktop Metal.
The rejection of 3D Systems' proposal by Stratasys' board indicates that the company's offer was not considered superior to the Desktop Metal deal. This may have a negative impact on 3D Systems' stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Stratasys' board has unanimously determined that the partial tender offer by Nano Dimension to acquire Stratasys shares for $18.00 per share substantially undervalues the company and is not in the best interests of Stratasys shareholders.
The rejection of Nano Dimension's partial tender offer by Stratasys' board indicates that the offer undervalues the company and is not in the best interests of Stratasys shareholders. This may have a negative impact on Nano Dimension's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Desktop Metal's combination with Stratasys is expected to generate over $1.6 billion in revenue and more than $300 million in EBITDA in 2026.
The combination with Stratasys is expected to create a next-generation additive manufacturing company with enhanced growth and profitability. This is likely to have a positive impact on Desktop Metal's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Stratasys' proposed combination with Desktop Metal is expected to generate over $1.6 billion in revenue and more than $300 million in EBITDA in 2026. The board has rejected 3D Systems' unsolicited proposal.
The combination with Desktop Metal is expected to create a next-generation additive manufacturing company with enhanced growth and profitability. The rejection of 3D Systems' proposal shows the board's confidence in the Desktop Metal deal, which is likely to have a positive impact on Stratasys' stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100