Stratasys to proceed with merger

  • Article by: PATRICK KENNEDY , Star Tribune
  • Updated: June 5, 2012 - 9:58 AM

Stratasys Inc. has cleared a key regulatory compliance hurdle and can proceed with its $1.4 billion merger with Objet Ltd ., based in Rehovot, Israel. Both companies make rapid prototyping 3D printers.

Eden Prairie-based Stratasys announced Tuesday that the U.S. Federal Trade Commission and U.S. Department of Justice Antitrust Division have granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

The deal is now expected to close in the third quarter and is still subject to approval by Stratasys shareholders and other regulatory compliance and closing conditions.

On April 16th the companies announced they had entered into a definitive merger agreement. Under the agreement Stratasys would merge with a subsidiary of Objet. Stratasys CEO Scott Crump will become chairman of the combined company and Objet CEO David Reis will become CEO of the combined company.

Patrick Kennedy • 612-673-7926

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