Key Developments: 3D Systems Corp (DDD)
46.66USD
17 May 2013
$1.07 (+2.35%)
$45.59
$44.99
$46.75
$44.50
4,893,371
4,818,524
$51.94
$17.04
Latest Key Developments (Source: Significant Developments)
3D Systems Corp Announces Exercise Of Over-Allotment Option In Public Offering Of Common Stock
3D Systems Corp announced that the underwriters for its recently announced public offering have exercised their over-allotment option to purchase an additional 1,125,000 shares of 3D Systems Corporation common stock. Of these shares included in the over-allotment option, 927,651 shares are being sold by the Company and 197,349 shares are being sold by certain selling stockholders, including certain officers and directors and their affiliates. As a result, the Company will issue a total of 7,112,000 shares in the offering and expects to receive net proceeds, after deducting the underwriting discount and estimated offering expenses payable by the Company, of approximately $272.1 million. The Company will not receive any proceeds from the sale of shares by the selling stockholders. The offering is expected to close on May 15, 2013, subject to satisfaction of customary closing conditions. Needham & Company, LLC is acting as the sole bookrunning manager of the offering. Canaccord Genuity Inc. and Piper Jaffray & Co. are acting as co-lead managers. 3D Systems intends to use the net proceeds from the offering to finance future acquisitions of other entities or their assets and for working capital and general corporate purposes. Full Article
3D Systems Corp Prices Underwritten Public Offering Of Common Stock
3D Systems Corp announced the pricing of an underwritten public offering of 7,500,000 shares of common stock at a price of $40.00 per share. Of these shares, 6,184,349 shares are being sold by the Company and 1,315,651 shares are being sold by certain selling stockholders, including certain officers and directors and their affiliates. The Company and those selling stockholders have also granted the underwriters a 30-day option to acquire an additional 1,125,000 shares, on a pro rata basis, to cover over-allotments in connection with the offering. After deducting the underwriting discount and estimated offering expenses payable by the Company, the Company expects to receive net proceeds of approximately $237 million, assuming no exercise of the over-allotment option. The Company will not receive any proceeds from the sale of shares by the selling stockholders. The offering is expected to close on May 15, 2013, subject to satisfaction of customary closing conditions. Needham & Company, LLC is acting as the sole book running manager of the offering. Canaccord Genuity Inc. and Piper Jaffray & Co. are acting as co-lead managers. 3D Systems intends to use the net proceeds from the offering to finance future acquisitions of other entities or their assets and for working capital and general corporate purposes. Full Article
3D Systems Corp Announces Expected Timing Of Pricing Of Public Offering Of Common Stock
3D Systems Corp announced that it anticipates pricing its previously announced, anticipated offering to sell shares of its common stock after the close of trading on the New York Stock Exchange on May 9, 2013. On May 7, 2013, the Company announced a proposed underwritten public offering of approximately $250 million. In addition to the $250 million from 3D Systems, certain stockholders, including certain officers and directors and their affiliates, are offering an aggregate of approximately 1.3 million shares in the offering. 3D Systems intends to use the net proceeds from the offering to finance future acquisitions of other entities or their assets and for working capital and general corporate purposes. The Company will not receive any proceeds from the sale of shares by the selling stockholders. Needham & Company, LLC is acting as the Sole Book-Running Manager of the offering and Canaccord Genuity Inc. and Piper Jaffray & Co. are acting as Co-Lead Managers. Full Article
3D Systems Corp Announces Proposed Public Offering Of Common Stock
3D Systems Corp announced that it is offering to sell shares of its common stock in an underwritten public offering of approximately $250 million. In addition to the $250 million from 3D Systems, certain stockholders, including certain officers and directors and their affiliates, are offering an aggregate of approximately 1.3 million shares in the offering. The Company and those stockholders also expect to grant 30-day options to the underwriters, exercisable on a pro rata basis, to purchase up to an additional 15% of the offered shares if the other offered shares are sold. 3D Systems intends to use the net proceeds from the offering to finance future acquisitions of other entities or their assets and for working capital and general corporate purposes. The Company will not receive any proceeds from the sale of shares by the selling stockholders. Needham & Company, LLC is acting as the Sole Book-Running Manager of the offering and Canaccord Genuity Inc. and Piper Jaffray & Co. are acting as Co-Lead Managers. Full Article
3D Systems Corp Acquires RPDG
3D Systems Corp announced that it has acquired Rapid Product Development Group Inc. (RPDG), a provider of on-demand additive and traditional manufacturing services. Terms of the transaction were not disclosed. Full Article
3D Systems Corp Raises FY 2013 Guidance
3D Systems Corp raised its fiscal 2013 guidance and expects revenue in the range of $460 million to $510 million and non-GAAP EPS in the range of $1.05 to $1.20 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $462 million and EPS of $1.05 for fiscal 2013 Full Article
3D Systems Corp Completes Acquisition Of Geomagic, Inc
3D Systems Corp announced that it has completed previously announced acquisition of Geomagic, Inc, for $55 million in cash. Full Article
3D Systems Corp Issues FY 2013 Guidance In Line With Analysts' Estimates-Conference Call
3D Systems Corp announced that for fiscal 2013, it expects revenue to be in the range of $440-$485 million and non-GAAP adjusted earnings per share (EPS) to be in the range of $1.00-$1.15. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $444 million and EPS of $1.06 for fiscal 2013. Full Article
3D Systems Corp To Acquire Geomagic, Inc
3D Systems Corp announced that it has signed a definitive agreement to acquire Geomagic, Inc. , a leading global provider of 3D authoring solutions including design, sculpt and scan software tools that are used to create 3D content and inspect products throughout the entire design and manufacturing process. This acquisition is subject to customary closing conditions, and is expected to close during the first quarter of 2013, after those conditions are met. Terms of the transaction were not disclosed. Full Article
3D Systems Corp Announces Filing Of Patent Infringement Suit Against Formlabs And Kickstarter
3D Systems Corp announced that it has brought suit in the Federal District Court of South Carolina, Rock Hill division, against Formlabs, Inc. of Cambridge, Massachusetts and Kickstarter, Inc. of New York, New York. 3D Systems is seeking injunctive relief and damages for infringement of one of its patents relating to the stereolithography process. 3D Systems' complaint asserts that the sale and use of the Form 1 3D printers sold by Formlabs and Kickstarter infringe a U.S. patent relating to stereolithography. Formlabs sold the Form 1 3D printers to backers of its Kickstarter campaign in September and October 2012. Full Article
BRIEF-3D Systems down 4.4 percent after the bell
NEW YORK, May 7 - 3D Systems Corp : * Down 4.4 percent after the bell following share offering announcement
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