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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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October 30, 2014
10:02 EDTSSYSStratasys, Worrell partner to create 3D printed injection molds
Stratasys announced its collaboration with Worrell, to accelerate medical device development through the use of 3D printed injection molding. Since 3D printing injection mold tools for medical devices, the company is producing injection molded prototypes using final production materials in 95% less time and at 70% less cost compared with traditional aluminium molds.
October 29, 2014
11:13 EDTSSYSHP unveils Multi Jet Fusion 3D printer, Sprout Immersive Computing platform
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10:04 EDTSSYS3D Systems, Stratasys drop after HP confirms 3D printer launch
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09:48 EDTSSYSHP confirms plans to launch faster, lower-cost 3D printer system
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06:41 EDTSSYSStratasys Q3 should 'comfortably exceed' consensus, says Piper Jaffray
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October 28, 2014
06:12 EDTSSYSGartner says worldwide shipments of 3D printers to reach over 217,000 in 2015
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October 23, 2014
07:52 EDTSSYSStratasys positioned for good Q3, solid Q4, says Jefferies
Jefferies says its reseller survey indicates Stratasys (SSYS) had a good Q3 and is set for a solid Q4, in contrast to peer 3D Systems (DDD). The firm notes it survey suggests Stratasys is discounting more than 3D, which it attributes to the company reinvesting currency benefits. Jefferies says Stratasys remains its top pick. It has a Buy rating on the stock with a $155 price target.
October 22, 2014
10:09 EDTSSYSOn The Fly: Analyst Initiation Summary
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October 21, 2014
16:17 EDTSSYSStratasys initiated with a Perform at Oppenheimer
October 16, 2014
09:30 EDTSSYSStratasys upgraded to Overweight from Equal Weight at Stephens

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