3D Systems submits enhanced proposal to merge with Stratasys

3D Systems (DDD) announced that it has submitted an enhanced proposal to the Board of Directors of Stratasys (SSYS) to combine the two companies in a cash and stock transaction that would convert each Stratasys ordinary share into $7.50 in cash and 1.3223 newly issued shares of 3D Systems common stock. Under the terms of the revised offer, the combination would result in Stratasys shareholders owning approximately 41% of the combined company and receiving approximately $540M in cash at the time of consummation of the transaction. 3D Systems’ June 27 proposal represents meaningful enhancements to its previous proposal submitted to the Stratasys Board on May 30, 2023, and continues to be underscored by prior discussions between 3D Systems’ and Stratasys’ management teams, including a diligence meeting held in September 2022. The company believes the June 27 proposal is superior to Stratasys’ announced combination with Desktop Metal.