3D Systems Says Stratasys' Board Continues To Support Desktop Metal Merger As Its Preferred Alternative And Not Interested In Any Further Discussions
Portfolio Pulse from Benzinga Newsdesk
3D Systems has announced that Stratasys' board continues to support the merger with Desktop Metal as its preferred alternative and is not interested in further discussions.
September 11, 2023 | 8:58 pm
News sentiment analysis
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NEGATIVE IMPACT
3D Systems' attempts to engage with Stratasys have been rebuffed, indicating that Stratasys is not interested in a potential merger with 3D Systems.
3D Systems' stock may face downward pressure as Stratasys' rejection indicates a missed opportunity for a potential merger. This could have provided 3D Systems with additional resources and market share.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Stratasys' board continues to support the merger with Desktop Metal, rejecting any further discussions with 3D Systems.
Stratasys' stock is likely to remain stable as the company continues to pursue its preferred merger with Desktop Metal. The rejection of 3D Systems' advances reaffirms this commitment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Desktop Metal's proposed merger with Stratasys continues to have the support of Stratasys' board, despite attempts by 3D Systems to engage in discussions.
Desktop Metal's stock may see an upward trend as Stratasys' continued commitment to the merger indicates a positive outlook for the deal. This could provide Desktop Metal with additional resources and market share.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100