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Stratasys (NASDAQ:SSYS) rose 4.2% in premarket trading after 3D Systems (NYSE:DDD) raised it stock and cash offer for the 3D printer maker.
3D Systems (DDD) increased its cash and stock offer for Stratasys to $24.07 a share, according to a statement. The bid consists of $7.50 in cash, and Stratasys holders will receive 1.5444 shares of the combined company.
The newest bid comes after DDD (DDD) raised its offer last month to about $20 a share. The offer also comes after Nano Dimension (NASDAQ:NNDM) on Monday boosted its special tender offer price for Stratasys (SSYS) to $24 per share from $20.05.
“Multiple large Stratasys shareholders have reached out to inform us that they believe a combination of 3D Systems and Stratasys is the right path forward,” Stratasys CEO Jeffrey Graves said in the statement. “This feedback affirms our conviction that we are doing right by shareholders today by offering exceptional value, certainty and transparency, and agreeing to pick up the termination fee that will be payable to Desktop Metal.”
Stratasys (SSYS) last month said 3D Systems’ (DDD) revised offer was not a superior proposal to its merger agreement with Desktop Metal (NYSE:DM).
