Stratasys urges shareholders to vote for Desktop Metal merger agreement

Stratasys Ltd. (SSYS) announced that it has commenced mailing its proxy materials in connection with the company’s Extraordinary Meeting of Shareholders to vote on proposals related to its previously announced merger agreement with Desktop Metal (DM). The Stratasys EGM is scheduled for September 28, 2023. Holders of Stratasys ordinary shares as of the close of business on August 24, 2023 are entitled to vote at the Stratasys EGM. In connection with the proxy materials, Stratasys is mailing a letter to shareholders, which says in part: “Help ensure Stratasys and all stakeholders can realize the value creation opportunity of the Desktop Metal combination and VOTE TODAY “FOR” the Merger-related proposal. The Stratasys Board of Directors unanimously recommends that Stratasys shareholders vote “FOR” each of the proposals to be considered at the Stratasys Extraordinary General Meeting of Shareholders on September 28, 2023, including the Stratasys Merger-related proposal…. This transaction is about creating value. As a combined company, we believe we will create even greater opportunities for growth and success. With Desktop Metal, we will accelerate our mission to lead the additive manufacturing industry into mass production. Advancing this mission requires a metal manufacturing solution alongside Stratasys’ robust polymer offering – and Desktop Metal’s metal offering for mass production is expected to double our addressable market for manufacturing in 2027.”