3D Systems launches takeover bid for Stratasys

• Published date: 02 June 2023
• Author: Shiri Habib-Valdhorn
• Publication title: Globes (Rishon LeZion, Israel)

At the same time, last week Stratasys and US 3D printing company Desktop Metal, Inc. (NYSE: DM) announced that they have entered into a definitive agreement to combine in an all-stock deal valued at $1.8 billion. If the merger is completed Stratasys shareholders will hold 59% of the combined company, and legacy Desktop Metal stockholders will hold 41%

3D Systems unsolicited bid is at $7.50 per share and $7.50 and 1.2507 newly issued shares of common stock of 3D Systems per ordinary share of Stratasys. At current prices this amounts to $17.92 per share and a company valuation of $1.21 billion - a little below Nano Dimension's offer but it could increase if 3D Systems share price rises. Having rejected Nano Dimension's offers, Stratasys says it will consider 3D System's offer. 3D Systems already operates in Israel, having acquired Cimatron...