In a press release Stratasys has said it merge with the 3D printing startup Makerbot in a stock-for-stock transaction. As part of the deal Stratasys “will initially issue approximately 4.76 million shares in exchange for 100% of the outstanding capital stock of MakerBot. The proposed merger has an initial value of $403 million based on Stratasys' closing stock price of $84.60 as of June 19, 2013.
After the deal is completed Makerbot will operate as a separate subsidiary “preserving its existing brand, management, as well as the spirit of collaboration it has built with its users and partners. Together with Stratasys, MakerBot will continue to innovate, expand its product offering, provide attentive service to its users and make more 3D printing content available through Thingiverse.com.”
A conference call to discuss the merger will happen on Thursday, June 20 at 6pm CT. The dial in number is 1-800-706-7746.
Image Courtesy of Makerbot