Stratasys Ltd.
said Friday that it determined that the raised unsolicited buyout bid it received from 3D Systems Corp. DDD earlier this week was not a “superior proposal,” so the 3D printer company will stick with its current merger deal with Desktop Metal Inc. DM Stratasys said the 3D bid represents about a 3% increase in total value and adds 1% to the total ownership for Stratasys shareholders is “opportunistic” and continues to “materially undervalue” the company.
said Friday that it determined that the raised unsolicited buyout bid it received from 3D Systems Corp. DDD earlier this week was not a “superior proposal,” so the 3D printer company will stick with its current merger deal with Desktop Metal Inc. DM Stratasys said the 3D bid represents about a 3% increase in total value and adds 1% to the total ownership for Stratasys shareholders is “opportunistic” and continues to “materially undervalue” the company.