3D Methods has pushed Stratasys to take up its merger provide after latest shareholder suggestions indicated an absence of thorough exploration of all potential presents earlier than agreeing to a merger with Desktop Metallic.

Yesterday, we reported how virtually 80% of Stratasys shareholders voted towards the merger of Stratasys and Desktop Metallic.

Now, 3D Methods says studies from ISS and Glass Lewis, coupled with a definitive vote from Stratasys shareholders, favor the binding provide from 3D Methods, which supplies scale, certainty, and rapid worth.

The provide, proposed on September 13, 2023, runs out on October 5, 2023, except accepted by Stratasys. Nonetheless, acknowledging some stakeholders’ issues, 3D Methods has proven flexibility by providing to amend its proposal to incorporate a 60-day interval the place Stratasys can actively search various presents. This association additionally permits Stratasys to choose out if a greater deal surfaces.

Dr. Jeffrey Graves, the President and CEO of 3D Methods, voiced confidence within the proposition and highlighted the numerous alternative it presents for each Stratasys shareholders and the broader additive manufacturing trade, emphasizing the potential for scale and synergies. He famous their provide as a ‘chicken within the hand’ for Stratasys, given the market’s evident approval and different presents Stratasys has acquired in latest months.

“We proceed to consider {that a} mixture between 3D Methods and Stratasys presents essentially the most enticing alternative for Stratasys shareholders and the additive manufacturing trade at giant, given the huge alternative for scale and synergy realization,” stated President and CEO Dr. Graves.

The 3D Methods CEO added, “Our binding provide, which stays accessible till October 5, and our willingness to incorporate a go-shop interval in that provide now presents Stratasys with a novel ‘chicken within the hand,’ permitting its Board to enter right into a transaction that the market agrees will create vital worth, whereas providing flexibility to discover different presents. This modification displays our confidence within the superior worth of our proposal and our perception that the market has already had greater than sufficient time to guage curiosity in Stratasys, which has already yielded ten presents for Stratasys within the final six months.”

Nano Dimension has but to announce whether or not it intends to reignite its merger aspirations.

Nominations are nonetheless open for the 2023 3D Printing Trade Awards.

Featured picture reveals 3D Methods Healthcare Expertise Middle. Picture by Michael Petch.