Shares of Stratasys Ltd. rose 3.2% in premarket trading Tuesday, after the 3D printer company received a raised buyout bid from 3D Systems Corp. which 3D...
Shares of Stratasys Ltd.
rose 3.2% in premarket trading Tuesday, after the 3D printer company received a raised buyout bid from 3D Systems Corp. DDD, which 3D Systems said represents “meaningful enhancements” to its previous bid. 3D said its new bid, Stratasys shareholders will receive $7.50 in cash and $1.3223 new 3D shares for each Stratasys share they own. Based on Monday’s closing prices, that would value Stratasys shares at $19.53 each, or a 20.4% premium. The previous bid was for $7.50 in cash and 1.
rose 3.2% in premarket trading Tuesday, after the 3D printer company received a raised buyout bid from 3D Systems Corp. DDD , which 3D Systems said represents “meaningful enhancements” to its previous bid. 3D said its new bid, Stratasys shareholders will receive $7.50 in cash and $1.3223 new 3D shares for each Stratasys share they own. Based on Monday’s closing prices, that would value Stratasys shares at $19.53 each, or a 20.4% premium. The previous bid was for $7.50 in cash and 1.
had also stepped in with a bid to buy Stratasys, at $18 per share in cash. Stratasys shares have rallies 14.7% over the past three months while the S&P 500 SPX has gained 8.8%.
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