M&A · Industrials · Special Industry Machinery, NEC
Stratasys Ltd. to acquire Desktop Metal, Inc.
Announced May 26, 2023 · Terminated
Deal value$1.80BEV $1.80B
Premium—To unaffected price
EV / Adj. EBITDA—8.7x EV / Revenue
ConsiderationAll stock$1.83 per share
Transaction
- Acquirer
- Stratasys Ltd. (SSYS)
- Target
- Desktop Metal, Inc. (DM)
- Buyer type
- Strategic
- Offer price per share
- $1.83
- Enterprise value
- $1.80B
- Status
- Terminated
Deal protections
- Break fee (target pays)
- $18.6M · 1.0%
- Reverse fee (buyer pays)
- $32.5M · 1.8%
- Go-shop
- —
- Financing
- —
Advisors
- To the acquirer
- JPMorgan
- To the target
- Stifel
Sector context · Industrials
- Comparable deals
- 77 in the prior 24 months
- Premium
- Sector median 49.0%
- EV / Adj. EBITDA
- Sector median 11.9x
- Break fee
- 1.0% vs. 2.8% sector median
Timeline
- AnnouncedMay 26, 2023
- Proxy filedAug 28, 2023
- Definitive proxyAug 28, 2023
- Shareholder voteSep 28, 2023
- Terminated—