Stratasys Inc. (SSYS) announced that the U.S. Federal Trade Commission and U.S. Department of Justice Antitrust Division have granted early termination of the waiting period required under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 ("HSR Act"), as amended, in connection with Stratasys' planned combination with Objet Ltd.
On April 16, 2012, Stratasys and Objet announced that they entered into a definitive merger agreement under which the companies will combine in an all-stock transaction with a combined equity value of approximately $1.4 billion, based upon the closing price of Stratasys' common stock on April 13, 2012.
The closing of the transaction, which is expected to occur in the third quarter of 2012, is subject to approval by Stratasys stockholders, registration of the Objet shares issuable to Stratasys stockholders with the Securities and Exchange Commission, listing of Objet shares on the NASDAQ Global Select Market, and the satisfaction of regulatory requirements and other customary closing conditions.
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