Stratasys, based in Minneapolis, Minnesota, USA, has received an unsolicited buyout proposal from 3D Systems, Rock Hill, South Carolina. The company has proposed an acquisition for $7.50 in cash and 1.2507 new shares for each ordinary share in Stratasys.
In accordance with fiduciary duties and obligations under the recently announced $1.8 billion all-stock merger with Desktop Metal, Stratasys will review the non-binding proposal. Any decisions made on the basis of the proposal will not impact the agreement with Desktop Metal.
This comes shortly after Stratasys announced its decision to reject the unsolicited buyout offer from Nano Dimension, which the company stated ‘undervalued’ its offerings and was not in the best interest of shareholders.