Stratasys Intends To Engage In Discussions With 3D Systems To Determine Whether DDD Would Ultimately Make A "Superior Proposal"
Portfolio Pulse from Benzinga Newsdesk
Stratasys (SSYS) is considering a revised unsolicited proposal by 3D Systems (DDD) that could potentially result in a 'Superior Proposal' as defined in Stratasys' merger agreement with Desktop Metal. Stratasys will conduct due diligence on 3D Systems' business and prospects, including a forecast of $100 million of synergies and revenue growth and profitability.
July 17, 2023 | 8:37 pm
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NEUTRAL IMPACT
3D Systems has made a revised unsolicited proposal to Stratasys, which is currently under consideration. The outcome could potentially impact 3D Systems' business prospects.
The news directly pertains to 3D Systems as it has made a revised proposal to Stratasys. The impact on the stock price is uncertain as it depends on the outcome of Stratasys' due diligence and negotiations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Stratasys is considering a revised proposal by 3D Systems, which could potentially lead to a 'Superior Proposal'. This could impact Stratasys' merger agreement with Desktop Metal.
The news directly pertains to Stratasys as it is considering a revised proposal by 3D Systems. This could potentially impact its merger agreement with Desktop Metal. The impact on the stock price is uncertain as it depends on the outcome of the due diligence and negotiations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100