3D Systems delivers binding merger offer to Stratasys with $7 cash + 1.6387 shares per SSYS share

3D SYSTEMS CORP

Executed merger agreement placed in escrow; can be countersigned after termination of Desktop Metal deal.
Consideration: $7.00 cash per Stratasys share plus 1.6387 shares of 3D Systems (DDD) common stock.
$50M reverse termination fee payable to Stratasys if deal fails due to regulatory denial.
$10M employee retention program; offer expires Oct 5, 2023, if not accepted after Stratasys EGM.
3D Systems urges Stratasys shareholders to vote NO on Desktop Metal merger at Sept 28 EGM.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

3D SYSTEMS CORP entered into September 13 Merger Agreement with Stratasys valued at $7.00 in cash, without interest, and 1.6387 common stock shares of Parent (effective 2023-09-13).

Action: entry
Agreement: merger
Counterparty: Stratasys
Value: $7.00 in cash, without interest, and 1.6387 common stock shares of Parent
Effective: 2023-09-13

Exact text from the filing

Subject to the terms and conditions set forth in the September 13 Merger Agreement, each ordinary share of Stratasys will be converted into the right to receive a combination of (i) $7.00 in cash, without interest, and (ii) 1.6387 common stock shares of Parent

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Source: SEC EDGAR

accession 0001193125-23-234506

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