(See 7/17/23 update at bottom of article) We may be heading to the finish line with regards to the Stratasys (Nasdaq: SSYS) merger. After a potentially irresistible bid from Nano Dimension (Nasdaq: NNDM) to purchase Stratasys, 3D Systems (NYSE: DDD) increased its own offer to acquire its long-time competitor.
While the cash that the company is offering Stratasys shareholders remains the same, at $7.50 per share, the number of shares they will receive continues to increase, this time to 1.5444 shares of the combined company. The total ownership of Stratasys would represent 44 percent of the resulting business, along with $540 million in cash.
A Better Offer?
3D Systems estimates the value here at a total of $24.07 per Stratasys share, just seven cents above Nano’s latest offer and a 62 percent premium from the closing price of Stratasys stock one day before it announced an…
