Why Stratasys Shares Are Popping Today
Portfolio Pulse from Lekha Gupta
Stratasys Ltd. (SSYS) shares are trading higher by over 12% after receiving an enhanced proposal from 3D Systems Corp (DDD). The revised offer is 15% better than the previous one, representing a value per Stratasys share of $24.07. The offer implies a total value of about $2 billion, including cost synergies of $100 million. This would result in SSYS shareholders owning ~44% of the combined company and receiving around $540 million in cash. DDD has delivered a signed merger agreement in escrow to SSYS and commits to paying the termination fees to Desktop Metal, Inc (DM).
July 13, 2023 | 2:43 pm
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POSITIVE IMPACT
Stratasys shares are trading higher after receiving an enhanced proposal from 3D Systems Corp.
The enhanced proposal from 3D Systems Corp has increased the value per Stratasys share, leading to a surge in its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
3D Systems Corp has made an enhanced proposal to acquire Stratasys.
3D Systems Corp's enhanced proposal to acquire Stratasys could potentially increase its market share and revenue, but the impact on its stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Desktop Metal, Inc may receive termination fees from 3D Systems Corp on behalf of Stratasys.
Desktop Metal, Inc may receive termination fees from 3D Systems Corp on behalf of Stratasys, but the impact on its stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Nano Dimension Ltd. has raised the offer price of its special tender offer for Stratasys shares.
Nano Dimension Ltd. has raised the offer price of its special tender offer for Stratasys shares, but the impact on its stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50