3D Systems Welcomes 'Superior Proposal' Determination By Stratasys Board And Strong Support From Shareholders Of Both Companies
Portfolio Pulse from Happy Mohamed
3D Systems (NYSE:DDD) has welcomed the decision by Stratasys Ltd. (NASDAQ:SSYS) to consider 3D Systems' merger proposal as a 'Superior Proposal'. This follows feedback from Stratasys shareholders who do not support the merger with Desktop Metal. 3D Systems expects a swift termination of the Desktop Metal merger agreement and the signing of the 3D Systems-Stratasys merger agreement. The proposed merger would result in Stratasys shareholders owning approximately 44% of the combined company and receiving approximately $540 million in cash.
July 17, 2023 | 4:05 pm
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POSITIVE IMPACT
3D Systems' merger proposal with Stratasys has been welcomed by the latter's board, potentially leading to a significant expansion of 3D Systems' operations.
The merger, if successful, would significantly expand 3D Systems' operations and market share. This could potentially lead to increased revenues and profitability in the long term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Stratasys is considering a merger proposal from 3D Systems, which could result in Stratasys shareholders owning approximately 44% of the combined company and receiving approximately $540 million in cash.
The merger, if successful, would provide Stratasys shareholders with significant ownership in the combined company and a substantial cash payout. This could potentially lead to increased shareholder value.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100