Stratasys Stockholders Approve Merger with Objet
Stratasys (NASDAQ: SSYS), a leading manufacturer of 3D printers and production systems for prototyping and manufacturing applications, today announced that Stratasys stockholders voted overwhelmingly to approve the proposed merger with Objet Ltd. at a special meeting of Stratasys stockholders held earlier today. More than 99% of the shares voting at the special meeting voted in favor of the adoption of the merger agreement.
As previously announced on April 16, 2012, Stratasys and Objet entered into a definitive merger agreement under which the companies will combine in an all-stock transaction. In accordance with the terms of the merger agreement, Stratasys will merge with a subsidiary of Objet, and each former Stratasys common share will be converted into the right to receive one newly issued share of the combined company's common stock.
The transaction is expected to close in the coming weeks. Following the completion of the merger, the combined company will trade on the NASDAQ stock exchange as Stratasys Ltd. under the symbol SSYS
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