3D printer manufacturer 3D Systems has renewed its takeover offer to competitor Stratasys. After Stratasys shareholders rejected a merger with Desktop Metal, 3D Systems has now extended the offer it made back in September by 60 days.
In addition, 3D Systems is willing to allow a 60-day “go-shop” period. During this, Stratasys could also solicit alternative bids. In the announcement, 3D Systems said it was convinced that a merger of the two companies would be the best solution for investors and the AM industry.
Previously, Stratasys had sought a $1.8 billion merger with Desktop Metal. However, Stratasys shareholders overwhelmingly rejected the deal. Subsequently, the Stratasys Board of Directors announced that it would explore other strategic options.
3D Systems is now apparently trying to influence this process in its favor. The extended offer is intended to allow Stratasys to secure a deal while continuing to explore other options. It remains to be seen whether Stratasys will go along with this.