3D Systems Supports Leading Proxy Advisor ISS' Recommendation AGAINST Stratasys' Planned All-Stock Merger With Desktop Metal
Portfolio Pulse from Happy Mohamed
3D Systems (NYSE:DDD) has issued a public letter to shareholders of Stratasys Ltd. (NASDAQ:SSYS) supporting the recommendation of Institutional Shareholder Services (ISS) to vote against Stratasys' planned acquisition of Desktop Metal (NYSE:DM). ISS believes that 3D Systems' alternative offer to acquire Stratasys presents a more convincing route to value creation for SSYS shareholders. The ISS report also criticizes Stratasys' management and Board's ability to act in the best interest of its shareholders.
September 21, 2023 | 12:35 pm
News sentiment analysis
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NEGATIVE IMPACT
Desktop Metal's planned merger with Stratasys is being opposed by ISS and 3D Systems, which could potentially impact Desktop Metal's stock negatively.
Desktop Metal's planned merger with Stratasys is being opposed by ISS and 3D Systems. This could potentially impact Desktop Metal's stock negatively as it shows a lack of confidence in the company's strategic moves.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Stratasys' planned acquisition of Desktop Metal is being opposed by ISS and 3D Systems, which could potentially impact Stratasys' stock negatively.
Stratasys' planned acquisition of Desktop Metal is being opposed by ISS and 3D Systems. This could potentially impact Stratasys' stock negatively as it shows a lack of confidence in the company's strategic moves.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
3D Systems' offer to acquire Stratasys is seen as a more convincing route to value creation for Stratasys shareholders, which could potentially boost 3D Systems' stock.
3D Systems' offer to acquire Stratasys is seen as a more convincing route to value creation for Stratasys shareholders. This could potentially boost 3D Systems' stock as it shows the company's strategic moves to expand and create value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100