Stratasys, Inc. (SSYS) said it has filed preliminary proxy materials with the Securities and Exchange Commission in connection with the company's pending merger with Objet Ltd., a manufacturer of 3D printers for rapid prototyping based in Rehovot, Israel.
Stratasys and Objet entered into a definitive merger agreement under which the companies will combine in an all-stock transaction with a combined equity value of around $1.4 billion.
Besides, for the 3-month period ended March 31, 2012, Stratasys and Objet combined pro forma revenue and earnings per share on a non-GAAP basis are $83 million and $0.32 per share respectively, compared to Stratasys standalone reported non-GAAP revenue and earnings of $45 million and $0.28 per share.
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