3D Systems Delivers Enhanced Proposal to Stratasys
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Stratasys (SSYS) Board Unanimously Concludes Revised 3D Systems (DDD) Proposal Does Not Constitute a "Superior Proposal" and Terminates Discussions with 3D Systems
September 12, 2023 10:01 AM EDTStratasys Ltd. (Nasdaq: SSYS) (Stratasys or the Company), a leader in polymer 3D printing solutions, today confirmed that the Stratasys Board of Directors (the Board) received on September 6, 2023 a revised proposal from 3D Systems Corporation (NYSE: DDD) (3D Systems) to acquire Stratasys for $7.00 in cash and 1.6387 newly issued shares of 3D Systems common stock per ordinary share of Stratasys, representing a value of $15.26 per share for Stratasys, and a premium of only 3% to the unaffected closing stock price of Stratasys ordinary shares as of May 24, 2023.
After consultation with its outside... More
