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Cimitron - >>> 3D Systems to buy design

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gfp927z   Tuesday, 01/24/17 10:50:32 AM
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Cimitron - >>> 3D Systems to buy design software maker Cimatron


Reuters

November 24, 2014



http://finance.yahoo.com/news/3d-systems-buy-design-software-105500306.html



Nov 24 (Reuters) - 3D printer maker 3D Systems Corp said it would buy Cimatron Ltd for about $97 million to strengthen its position in the fast-growing 3D design and manufacturing business.

3D Systems said it will pay $8.97 per Cimatron share, a premium of 47.5 percent to the stock's closing price on the Nasdaq on Friday.

Israel-based Cimatron provides 3D design software products.

3D Systems said the deal will add to adjusted profit and cash flow immediately after its expected close in the first quarter of 2015.

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