This follows news of Stratasys’ merger with Desktop Metal, announced in May 2023.
“The Stratasys board of directors will carefully review the 3D Systems proposal, in accordance with its fiduciary duties, and its obligations under Stratasys’ merger agreement with Desktop Metal, in consultation with its independent financial and legal advisors,” a press release from Stratasys said. “The Stratasys board has not made any determination as to the 3D Systems proposal within the framework contemplated by the Desktop Metal merger agreement, which remains in effect, nor changed its unanimous approval, recommendation and declaration of advisability of the agreed transaction with Desktop Metal.”
3D Systems said that the merger ”would create an additive manufacturing industry leader […] “positioned to deliver at least a total value in excess of US$1,840 million to Stratasys shareholders.”
“The combination of 3D Systems and Stratasys is simply the best outcome for the shareholders of both companies,” said 3D Systems president and CEO, Dr Jeffrey Graves. “We feel strongly that now is the time for all parties to recognize the overwhelming logic of our two businesses coming together. We are in a unique position to move with confidence and speed and we encourage the Stratasys board of directors to engage with our proposal and make this combination a reality for the benefit of the shareholders, employees and customers of both companies.”
3D Systems also said that possible revenue for the combined company in 2024 could be US$1.3 bn “resulting in the largest pure-play additive manufacturing company in the industry”.
