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Stock Market & Financial Investment News

News Breaks
April 2, 2014
05:51 EDTSSYSStratasys to acquire Solid Concepts, Harvest Technologies
Stratasys announced that it has entered into definitive agreements to acquire two privately-held companies, Solid Concepts and Harvest Technologies. Solid Concepts is the largest independent additive manufacturing service bureau in North America and a fast-growing partner to RedEye, Stratasysí existing digital manufacturing service business. The transactions are expected to be completed early in Q3 and are expected to be accretive to Stratasysí Non-GAAP EPS within the first 12 months after closing. Upon completion of the transactions, Stratasys will combine Solid Concepts and Harvest Technologies with RedEye to establish one additive manufacturing services business unit. Joe Allison, President of Solid Concepts, will join the Stratasys management team and lead the combined parts business, supported by the strong management teams of Solid Concepts, Harvest Technologies, and RedEye. Under the terms of the definitive agreement with Solid Concepts, Stratasys will acquire Solid Concepts for total consideration of up to $295M, including a payment on closing of $172M, or, if settled in cash, part on closing and part six months after closing, deferred payments of $60M up to $63M in retention-related payments.
News For SSYS From The Last 14 Days
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September 16, 2014
08:05 EDTSSYSStratasys to acquire GrabCAD, terms not disclosed
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September 9, 2014
08:29 EDTSSYSStratasys outlook has improved, says RBC Capital
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08:09 EDTSSYSStratasys analyst day supports bullish view, says Brean Capital
Brean Capital remains buyers of Stratasys following its analyst day, as the firm sees earnings and revenue guidance supporting the stock and noted management is taking a very disciplined approach to the prospect of adding metals capability to its systems offering. Brean has a Buy rating with a $140 price target on Stratasys.
08:08 EDTSSYSStratasys addressed concerns at Analyst Day, says Pacific Crest
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07:53 EDTSSYSStratasys analyst meeting leads to more bullishness, says UBS
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06:36 EDTSSYSStratasys recent sales momentum sustainable, says Piper Jaffray
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