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News Breaks | | | | February 4, 2013 | | 06:24 EDT |  | DDD, SSYS | Piper upbeat on 3D Systems, Stratasys after Arcam results
Piper Jaffray said it remains upbeat on shares of 3D Systems (DDD) and Stratasys (SSYS) after Arcam, a 3D printing manufacturer based in Sweden, reported Q4 results. Piper said Arcam's results were solid with significant sequential and year-over-year growth rates. The firm believes the entire 3D printing industry experienced better than expected demand in Q4. | |
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News For DDD;SSYS From The Last 14 Days Check below for free stories on DDD;SSYS the last two weeks. |
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| June 20, 2013 | | 05:57 EDT |  | SSYS | Stratasys to host conference call
 Subscribe for More Information | | | June 19, 2013 | | 16:18 EDT |  | SSYS | Stratasys to acquire MakerBot
Stratasys and MakerBot announced the signing of a definitive merger agreement whereby privately held MakerBot has agreed to merge with a subsidiary of Stratasys in a stock-for-stock transaction. MakerBot, founded in 2009, helped develop the desktop 3D printing market and has built the largest installed base of 3D printers in the category by making 3D printers highly accessible. MakerBot will operate as a separate subsidiary of Stratasys, maintaining its own identity, products and go-to-market strategy. Under the terms of the merger agreement, Stratasys will initially issue approximately 4.76M shares in exchange for 100% of the outstanding capital stock of MakerBot. The proposed merger has an initial value of $403M based on Stratasys' closing stock price of $84.60 as of June 19. MakerBot stakeholders also qualify for performance-based earn-outs that provide for the issue of up to an additional 2.38M shares through the end of 2014. The proposed earn-out payments have an initial value of up to $201M based on the Stratasys closing stock price as of June 19. Those payments, if earned, will be made in Stratasys shares or cash (in an amount reflecting the value of the Stratasys shares that would have otherwise been issued at the relevant earn out determination date), or a combination thereof, at Stratasys' discretion. The merger is expected to accelerate Stratasys' growth rate and be slightly dilutive to Non-GAAP earnings per share in 2013, and accretive to Stratasys' Non-GAAP earnings per share by the end of 2014. | | | June 18, 2013 | | 07:15 EDT | | DDD | 3D Systems price target raised to $55 from $50 at Canaccord
Subscribe for More Information | | | June 17, 2013 | | 10:24 EDT |  | DDD | 3D Systems June volatility elevated at 61
Subscribe for More Information | | | June 13, 2013 | | 13:33 EDT | | DDD, SSYS | 3D printer makers rise after analyst says demand looks strong
Subscribe for More Information | | | 07:02 EDT | | DDD, SSYS | Piper sees another favorable earnings season for 3D printers
Subscribe for More Information | | | June 12, 2013 | | 11:29 EDT | | DDD | 3D Systems to host analyst and investor meeting
Analyst and Investor meeting to be held in New York on June 17 at 10 am. Webcast Link | | | 09:31 EDT | | DDD | 3D Systems to acquire Phenix Systems
3D Systems announced that it has signed agreements to acquire approximately 80% of Phenix Systems based in Riom, France. Phenix Systems designs, manufactures and sells proprietary Direct Metal 3D Printers that can print chemically pure fully dense metal and ceramic parts from very fine powders with the granularity of 6-9 microns. This acquisition is expected to close in July. After closing conditions are met and the acquisition closes, 3D Systems intends to launch a take-over bid on the remaining 20% of the shares of Phenix Systems, listed on the French stock market, followed by a squeeze-out procedure should it reach 95% of the shares or voting rights of Phenix Systems, during the second half of 2013. The maximum price payable by 3D Systems for the 80% block is EUR 13 per share. | | | June 6, 2013 | | 06:49 EDT | | DDD | 3D Systems channel partners bring significant opportunity, says Piper Jaffray
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