3D Systems (DDD) announced agreements to acquire approximately 80% of Phenix Systems, a provider of Direct Metal Selective Laser Sintering 3D Printers based in Riom, France. The company expects the transaction to be accretive to its non-GAAP earnings in the first full year following completion. 3D Systems said the maximum price payable by it for the 80% block is 13 euros per share.
After the closing of the acquisition, 3D Systems intends to launch a take-over bid on the remaining 20% of the shares of Phenix Systems, listed on the French stock market, followed by a squeeze-out procedure should it reach 95% of the shares or voting rights of Phenix Systems, during the second half of 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.