SSYS - Stratasys gains after unsolicited takeover offer from 3D Systems

2023-06-01 16:44:43 ET

• Stratasys ( NASDAQ: SSYS ) jumped 9% in after hours trading after disclosing it received an unsolicited takeover offer from competitor 3D Systems ( NYSE: DDD ).
• 3D Systems Corporation ( DDD ) offered to acquire Stratasys for $7.50 in cash and 1.2507 newly issued shares of common stock of 3D Systems per ordinary share of Stratasys, according to a statement from Stratasys ( SSYS ). The SSYS board plans to review the offer.
• The offer comes after Stratasys ( SSYS ) agreed a week ago to acquire Desktop Metal ( NYSE: DM ) in a $1.8 billion all-stock deal on Thursday. The bid also follows Nano Dimension's ( NASDAQ: NNDM ) $18 per share partial tender offer for Stratasys, which SSYS rejected on Tuesday.
• Desktop Metal ( DM ) shares fell 1% i n after hours trading.
• Developing story ....

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