3d systems announces target date for completion of due diligence process and merger agreement discussions

Rock hill, s.c., july 27, 2023 (globe newswire) -- 3d systems corporation (nyse: ddd) (“3d systems,” “the company”) today announced a target date of august 4, 2023 for completion of due diligence and merger agreement discussions with stratasys ltd. (nasdaq: ssys) (“stratasys”). this would mark the culmination of efforts that commenced with the announcement on july 17, 2023 by the board of stratasys that the 3d systems' binding offer of july 13, 2023 “would reasonably be expected to result in a ‘superior proposal' as defined in stratasys' merger agreement with desktop metal, inc. (nyse: dm).” with the conclusion of these efforts by stratasys and 3d systems on or about august 4, 3d systems expects that stratasys would be in a position to agree with desktop metal to terminate their agreement, 3d systems would pay the termination fee that stratasys will owe to desktop metal, and stratasys and 3d systems would execute a merger agreement.
DDD Ratings Summary
DDD Quant Ranking