3d systems submits enhanced proposal to combine with stratasys

Rock hill, s.c., june 27, 2023 (globe newswire) -- 3d systems (nyse:ddd) (the “company”) today announced that it has submitted an enhanced proposal to the board of directors of stratasys ltd. (nasdaq: ssys) (“stratasys”) 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 $540 million in cash at the time of consummation of the transaction.
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