3D Systems (DDD) delivers signed merger agreement to Stratasys (SSYS)

•  3D Systems (DDD) announces that it has delivered a signed merger agreement to Stratasys Ltd. (SSYS), substantially in the form shared with the Stratasys Board on September 6, 2023, and as required, will now be filed on Form 8-K with the SEC by 3D Systems.
• The binding offer presents shareholders with a certain, superior alternative to Stratasys' planned acquisition of Desktop Metal (DM) and can be countersigned by Stratasys following termination of its merger agreement with Desktop Metal.
• DDD believes that Stratasys' reasons for rejecting the company's proposal and its refusal to continue negotiations were either well-known to Stratasys and investors when Stratasys determined that 3D Systems' July 13 proposal was likely to lead to a superior proposal, or misleading, self-interested and overly focused on short-term prospects.
• While near-term share prices for all companies in the sector have been pressured, the long-term trajectories of Stratasys and 3D Systems remain fundamentally unchanged in the past two months, raising serious questions to the credibility of Stratasys' evaluation of the 3D Systems proposal.
• Most importantly, Stratasys affirmed that the 3D Systems combination would generate significantly more synergies, and therefore value creation, than any other available alternative.