Stratasys Ltd (SSYS)

[Pisd]

I wonder if management wants to remain in control more than they care about what's best for the shareholder??

Stratasys' Shareholder Donerail Group Urges Board to End Desktop Metal Merger Deal
3:13 PM ET, 06/29/2023 - MT Newswires
03:13 PM EDT, 06/29/2023 (MT Newswires) -- Stratasys (SSYS) shareholder Donerail Group on Thursday urged the company's board to terminate the Desktop Metal (DM) merger deal in favor of a more attractive proposal.

"To say the least, the Desktop Metal deal has not been well-received by the investment community," said Donerail managing partner William Wyatt in a letter to the board.

Donerail, which owns about 2.3% of the company's shares, said that it is backing the board for its immediate commitment to review a revised merger proposal from 3D Systems (DDD).

"We encourage a swift review ahead of engaging directly with 3D Systems to optimize its offer to Stratasys shareholders," Wyatt said, pointing to a revised offer from 3D Systems.

In May, Stratasys and Desktop Metal announced their merger deal in a $1.8 billion all-stock transaction.

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