The Donerail Group LP, an investment company that owns approximately 2.3% of the outstanding shares in Stratasys, has published a letter questioning the strategic and financial merits of the pending Desktop Metal merger.
Stratasys has stated it intends to advise shareholders of the Board's position regarding Nano Dimension's revised tender offer within ten business days of June 27.
Nano Dimension has announced it has increased its special tender offer price for Stratasys shareholders from 18.00 USD to 20.05 USD per share in cash and has extended the offer period to July 24.
3D Systems has announced that it has submitted an enhanced proposal to the Board of Directors of Stratasys to combine the companies in a cash and stock transaction. The offer would see Stratasys shareholders owning 41% of the combined company.
3D printed medical device firm restor3d has entered into a definitive merger agreement which will see it acquire all outstanding shares of common stock of Conformis.
In a statement from Stratasys on June 21, its Board of Directors has urged shareholders of the company to not tender shares into the tender offer from Nano Dimension, and to file a notice of objection against the offer.
Stratasys has announced that its Board of Directors, after careful review and consultation with its independent financial and legal advisors, has unanimously determined that the May 30, 2023 proposal from 3D Systems is not a “Superior Proposal".
3D Systems has provided an update to its shareholders regarding its proposal to combine with Stratasys in a cash and stock merger that would convert each Stratasys share into 7.50 USD in cash and 1.2507 newly issued shares of 3D Systems common stock.
Digital manufacturing firm Replique has become the fifth company to spin out from BASF’s Chemovator business incubator after closing a late seed round.
Elementum 3D, a developer and supplier of metal additive manufacturing materials, print parameters, and services, has named Vivek Pathak as its Chief Financial Officer (CFO). Pathak has over 30 years of experience in financial leadership positions.
Nano Dimension has reinforced its plan to deliver long-term value to Stratasys shareholders, including the 18.00 USD per share special tender offer that it says will provide ‘certain, near-term premium and all-cash value’ to Stratasys shareholders.
Stratasys confirmed the receipt of an ‘unsolicited’ proposal from 3D Systems on June 1. On June 2, 3D Systems released a statement confirming the submission, noting it had offered a 'superior proposal' to acquire Stratasys.
