Stratasys Confirms Receipt Of Revised Unsolicited Proposal From 3D Systems To Acquire Stratasys For $7.50 In Cash And 1.5444 Newly Issued Shares Of 3D Systems Common Stock Per Ordinary Share Of Stratasys
Portfolio Pulse from Happy Mohamed
Stratasys Ltd. has received a revised unsolicited proposal from 3D Systems Corporation to acquire Stratasys for $7.50 in cash and 1.5444 newly issued shares of 3D Systems common stock per ordinary share of Stratasys. The Stratasys Board will review the proposal in consultation with its advisors. The Board has not changed its approval of the previously announced transaction with Desktop Metal, Inc., which is expected to be completed in Q4 2023.
July 13, 2023 | 2:57 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
3D Systems has made a revised unsolicited proposal to acquire Stratasys.
The revised proposal from 3D Systems to acquire Stratasys could create some uncertainty among 3D Systems shareholders. However, the outcome of the proposal is uncertain, so the impact on the stock price in the short term may be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The Stratasys board has not changed its approval of the previously announced transaction with Desktop Metal, which is expected to be completed in Q4 2023.
The Stratasys board's unchanged stance on the Desktop Metal deal suggests that the impact on Desktop Metal's stock price in the short term may be neutral.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Stratasys has received a revised acquisition proposal from 3D Systems, but the board has not changed its approval for the previously announced transaction with Desktop Metal.
The news of the revised proposal from 3D Systems could create some uncertainty among Stratasys shareholders. However, the board's unchanged stance on the Desktop Metal deal suggests that the impact on the stock price in the short term may be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100