BRIEF-3D Systems Confirms Submission Of Superior Proposal To Combine With Stratasys
3D Systems Corp: * 3D SYSTEMS CONFIRMS SUBMISSION OF A SUPERIOR PROPOSAL TO COMBINE WITH STRATASYS
* 3D SYSTEMS CORP - PROPOSED DEAL TO CONVERT EACH STRATASYS SHARE INTO $7.50 IN CASH AND 1.2507 NEWLY ISSUED SHARES OF 3D SYSTEMS COMMON STOCK * 3D SYSTEMS CORP - INCLUSIVE OF COST SYNERGIES, PROPOSAL PROVIDES VALUE OF APPROXIMATELY $25 PER STRATASYS SHARE
* 3D SYSTEMS CORP - COMBINATION WOULD RESULT IN STRATASYS SHAREHOLDERS OWNING 40% OF COMBINED CO AND RECEIVING ABOUT $540 MILLION IN CASH * 3D SYSTEMS - COMBINED CO POSITIONED TO DELIVER AT LEAST TOTAL VALUE IN EXCESS OF $1,840 MILLION TO STRATASYS SHAREHOLDERS
* 3D SYSTEMS CORP - PROPOSAL PROVIDES IMMEDIATE CASH AND LIQUID STOCK VALUE WITHOUT ANY FINANCING CONDITION/DELAY TO CLOSING TO ACCOMMODATE FINANCING Source text for Eikon: Further company coverage:
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