2023-07-17 07:24:59 ET
Stratasys ( NASDAQ: SSYS ) said its board determined that 3D Systems ( NYSE: DDD ) latest offer would reasonably expected to deemed a "superior proposal" to its announced deal Desktop Metals ( NYSE: DM ). Stratasys ( SSYS ) rose 2% in premarket trading.
Stratasys ( SSYS ) intends to enter into talks with 3D Systems with respect to its revised offer from Thursday, according to a statement. Separately, Stratasys rejected Nano Dimension's ( NASDAQ: NNDM ) revised partial tender offer, according to a statement.
3D Systems ( DDD ) on Thursday increased its cash and stock offer for Stratasys ( SSYS ) to $24.07 a share. The bid consists of $7.50 in cash, and Stratasys holders will now receive 1.5444 shares of 3D Systems.
The latest offer comes after 3D Systems ( DDD ) raised its offer last month for Stratasys ( SSYS ) to about $20 a share. The offer also comes after Nano Dimension (NASDAQ: NNDM ) last Monday boosted its special tender offer price for Stratasys ( SSYS ) to $24 per share from $20.05.
Desktop Metals ( DM ) rose 3.8% in premarket trading on Monday.
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Stratasys says 3D Systems offer could be superior, enters talks