Grafner/iStock via Getty Images
3D Systems (NYSE:DDD) said it submitted a binding offer for Stratasys (NASDAQ:SSYS) after the 3D printer maker rejected its latest offer.
3D Systems (DDD) said the offer values Stratasys (SSYS) at more than $27 a share and is superior to the company’s acquisition of Desktop Metal (NYSE:DM), according to a statement on Wednesday.
“Stratasys shareholders are incredibly skeptical of the recent decisions made by Stratasys’ management team and board and remain deeply concerned about a potential acquisition of Desktop Metal,” 3D Systems (DDD) CEO Jeffrey Graves said in the statement.
The 3D Systems (DDD) binding offer for Stratasys (SSYS) will expire on Oct. 5, giving the Stratasys board five business days after the Desktop Metals (DM) vote on Sept. 28.
3D Systems (DDD) is attempting to acquire Stratasys (SSYS), which would result in the termination of its planned $1.8 billion all-stock purchase of Desktop Metal (DM). 3D Systems (DDD) announced in late July that its $24/share offer would be its “best and final” proposal.
