Stratasys Acquires MakerBot for $403,000,000

  • Feed Type
  • Date
    6/19/2013
  • Company Name
    MakerBot
  • Mailing Address
    One MetroTech Center 21st Floor Brooklyn, NY 11201
  • Company Description
    MakerBot Industries is a rapidly growing, Brooklyn-based startup that designs and manufactures low cost 3D printers. We make machines that make things!
  • Website
    http://www.makerbot.com
  • Transaction Type
    M&A
  • Transaction Amount
    $403,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    The proposed merger has an initial value of $403 million based on Stratasys’ closing stock price of $84.60 as of June 19, 2013. MakerBot stakeholders also qualify for performance-based earn-outs that provide for the issue of up to an additional 2.38 million shares through the end of 2014. The proposed earn-out payments have an initial value of up to $201 million based on the Stratasys closing stock price as of June 19, 2013. Those payments, if earned, will be made in Stratasys shares or cash (in an amount reflecting the value of the Stratasys shares that would have otherwise been issued at the relevant earn out determination date), or a combination thereof, at Stratasys’ discretion.

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