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Top related persons:
Stratasys - 5 Svea Herbst - 2 Bayliss - 2 Goldman Sachs - 1 Goldman - 1 ANET - 1 hyperscaler - 1 Morgan Stanley - 1
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NVDA's North America NAPA Georgia Rehovot Israel Bengaluru
Top related orgs:
Systems - 4 Thomson - 4 Desktop - 3 Services - 2 Svea - 2 Arista Networks - 1 Ford - 1 downgrades - 1

Search resuls for: "Stratasys"


6 mentions found


☆ Here are Tuesday's biggest analyst calls: Nvidia, Disney, Walmart, Apple, Arista, Ford, Rivian, Block & more
  + stars: | 2024-02-13 | by ( Michael Bloom | ) www.cnbc.com   time to read: +7 min
Morgan Stanley initiates Ford as a top pick Morgan Stanley said it's standing by its top pick status on Ford. Morgan Stanley initiates Dynatrace as equal weight Morgan Stanley initiated the software stock with an equal weight and said patience is needed. Morgan Stanley reiterates Disney as overweight Morgan Stanley said Disney's participation in a sports streaming bundle is 'low-risk." Morgan Stanley adds Huntington Bancshares to the financials finest list Morgan Stanley added the regional bank to its financials finest list. Morgan Stanley reiterates Rivian as overweight Morgan Stanley said it's standing by its overweight rating on the stock, but that the company will need "substantial funding" to complete its Georgia plant.
Persons: Goldman Sachs, Goldman, ANET, hyperscaler, Morgan Stanley, Ford, it's, Dynatrace, Redburn, Evercore, Susquehanna, Piper Sandler, Trimble, Piper, Riley, Bernstein, Disney, Huntington Bancshares, Huntington, Banks, Stephens, Cantor Fitzgerald, Stratasys, Cantor, Rivian Organizations: Arista Networks, Ford, downgrades, Airlines, UBS, Nvidia, NextEra Energy Partners, Taiwan Semiconductor, Apple, Apple Services, DIS, FOX, Deutsche Bank, Walmart, Citi, GSK, " Bank of America, of America Locations: NVDA's, North America, NAPA, Georgia
☆ Glass Lewis recommends Stratasys shareholders reject Desktop Metal deal
  + stars: | 2023-09-22 | by ( Svea Herbst-Bayliss | ) www.reuters.com   time to read: +2 min
Glass Lewis argued that Stratasys should look at a revised bid it received from 3D Systems this month (DDD.N) but rejected, according to the Glass Lewis note, which was published on Friday and seen by Reuters. On Wednesday, Institutional Shareholder Services, Glass Lewis' bigger competitor, also recommended against the Desktop Metal deal. Glass Lewis wrote that the Desktop Metal merger "could be a reasonable transaction from the point of Stratasys." Stratasys made its all-stock bid for Desktop Metal in May in a transaction valued at about $1.8 billion. "In our view, the 3D Systems offer presents not only compelling value for Stratasys shareholders, but also lower regulatory hurdles and greater potential scale as composed to the Desktop Metal merger.
Persons: Lewis, Stratasys, Glass Lewis, Svea Herbst, Bayliss, Sharon Singleton Organizations: Reuters, Services, Desktop, Metal, Systems, Svea, Thomson
☆ Proxy advisor ISS opposes Stratasys, Desktop Metal merger in 3D printing
  + stars: | 2023-09-20 | by ( Svea Herbst-Bayliss | ) www.reuters.com   time to read: +2 min
"It is not clear that it (the all-stock offer Stratasys made for Desktop Metal) creates value for 3D printer manufacturer Stratasys shareholders," ISS wrote in its note to clients with a headline "vote against acquisition at SSYS meeting." The directors felt this deal was more attractive than others, including overtures from 3D Systems and Nano Dimension. But as Stratasys', Desktop Metal's and 3D Systems' share prices have dropped in the last 52 weeks, ISS argued that 3D Systems' cash and stock offer for Stratasys "holds out an important hedge against further declines." 3D Systems offered to pay $7 in cash and 1.6387 3D shares per Stratasys share, which would leave them owning 46% of the combined company. Stratasys investor Nano Dimension, which owns 14.1% of the company, said last week that it would vote against the merger.
Persons: ISS's, Stratasys, Svea Herbst, Bayliss, Josie Kao Organizations: Services, Reuters, ISS, 3D Systems, Desktop, Systems, Svea, Thomson
☆ 3D-printing takeover battle misses third dimension
  + stars: | 2023-07-10 | by ( Robert Cyran | ) www.reuters.com   time to read: +4 min
Stratasys (SSYS.O) for now prefers a merger with peer Desktop Metal (DM.N), but a sweetened bid from Nano Dimension (2N5By.F) complicates matters. A simpler two-dimensional financial analysis suggests a snubbed offer from 3D Systems (DDD.N) may wind up the best option. The company’s nominees favor the Desktop Metal deal, while Nano’s back the alternative transaction. On May 25, Stratasys agreed to combine with Desktop Metal in an all-stock deal valued at $1.8 billion. On the same day, 3D Systems offered to buy Stratasys for $7.50 a share in cash and 1.3223 3D Systems shares for each Stratasys share.
Persons: Stratasys, Nano’s, Jeff Graves, Jeffrey Goldfarb, Sharon Lam Organizations: YORK, Reuters, Systems, Desktop, Twitter, Thomson
☆ Stratasys receives $1.21 bln unsolicited buyout proposal from 3D Systems
  + stars: | 2023-06-02 | by ( ) www.reuters.com   time to read: +1 min
June 2 (Reuters) - Stratasys Ltd (SSYS.O) said on Thursday that it had received an unsolicited buyout proposal from rival 3D Systems Corp (DDD.N), valuing the industrial 3D printer at about $1.21 billion. Stratasys shares were up 10.1% at $16.04, while 3D Systems was up 2.6% at $8.55 in premarket trading on Friday. 3D Systems has proposed to acquire Stratasys for $7.50 in cash and 1.2507 of its newly issued stock for each share of the target company, which translates to $17.92 on a per-share basis. Stratasys said its board would "carefully review" the newly received non-binding proposal, adding that the Desktop Metal deal is still expected to close in the fourth quarter of this year. 3D Systems on Friday confirmed its bid for Stratasys and said that if the deal goes through, it will bring $100 million in cost synergies.
Persons: Stratasys, Jaiveer Singh, Shilpi Majumdar, Anil D'Silva, Shounak Organizations: Stratasys, 3D Systems Corp, Systems, Metal Inc, Thomson Locations: Rehovot, Israel, Bengaluru
☆ Stratasys rejects Nano Dimension's $1.1 bln offer for remaining stake
  + stars: | 2023-03-22 | by ( ) www.reuters.com   time to read: +1 min
March 22 (Reuters) - Stratasys Ltd (SSYS.O) said on Wednesday its board had rejected smaller peer Nano Dimension Ltd's (2N5By.F) $1.1 billion offer to acquire the stake it does not already own in the Israeli 3D printer maker. Following a review, the board concluded that Nano's proposal substantially undervalued the company, Stratasys said. Nano Dimension currently owns about 14.5% of Stratasys's outstanding shares and is the largest shareholder in the company founded over 30 years ago. The company had disclosed a 12.12% stake in July last year, shortly after which Stratasys adopted a limited shareholder rights plan or "poison pill". Reporting by Kannaki Deka in Bengaluru; Editing by Savio D'Souza and Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.
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