Stratasys Ltd Agrees To Buy MakerBot For Up To $604 Million-AP

Wednesday, 19 Jun 2013 08:00pm EDT 

The Associated Press reported that Stratasys Ltd will buy MakerBot in a tie-up of 3D printer makers that the companies valued at up to $604 million. Stratasys, based in Minneapolis and Israel, makes 3D printers used to produce models and prototypes, and MakerBot makes desktop 3D printers. Stratasys said it agreed to issue about 4.8 million shares of its stock to MakerBot. Based on Wednesday's closing price of $84.60 per share, the stock is worth about $403 million. Stratasys could issue 2.4 million additional shares, or about $201 million in stock, based on MakerBot's performance through the end of 2014. 

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