I hate getting caught up in the rumor mill, but at the same time this could be major news. There are a few sources indicating that Stratasys may be about to be bought out. Takeover chatter started back in February and quickly died out within days. Bloomberg at the time, suggested that Hewlett Packard or Seiko Epson Corp could have interest in the company. However, Stratasys’ stock was trading at $121 per share in February, making it a bit too expensive for acquisition consideration.
Here we are a few months later, and rumors have once again begun to pick back up. This morning Theflyonthewall.com reported that there were takeover rumors spreading through the market. Also, RanSquwk sources noted unconfirmed takeover interest in Stratasys today. Active call volume on the stock also suggests that traders are taking positions for a large price movement in the future. Shares of Stratasys (NASDAQ:SSYS) hit a low for the day, at $90.41 per share at around 10:50 AM EST. Within a 30 minute period, shares spiked 3.4% to $93.49, as rumors began making their way to those trading the stock.
Walmart has been a company whose name has been thrown around in regard to these latest rumors. Last week at the Code Conference their CEO, Doug McMillon was quoted as saying the following, regarding possible acquisitions. (Note that these comments were made within minutes of McMillon stating that he was very interested in 3D printing.)
“It’s clear we need to change, and we need to change fast,” said Mr. McMillon.“We’ve been more acquisitive lately, especially for talent. Our pace of acquisitions, I think, is going to accelerate.”
When asked specifically if any of these acquisitions would be related to 3D printing, McMillon’s reply was, “it might make sense.”
Stratasys is trading well under its all time high of $138.10 earlier this year, and has a market cap of approximately $4.5 billion, one that’s lower than that of key rival 3D Systems. Becuase of this, there may not be a better time for an acquisition than right now. It will be very interesting to see if these rumor develop futher over the next week or two, or if they fizzle out like those of the past. One thing is clear however, and that is that an acquisition of Stratasys would instantly turn any acquiring company into one of the leaders within the 3D printing space, both from a consumer and manufacturing standpoint. What do you guys think? Is a Walmart, or another major corporation about to acquire Stratasys? Let us know your opinion in the Stratasys takeover rumor forum thread at 3DPB.com
[Image Source: NASDAQ.com]
Subscribe to Our Email Newsletter
Stay up-to-date on all the latest news from the 3D printing industry and receive information and offers from third party vendors.
You May Also Like
3D Printing News Unpeeled: Warhammer, AVIC and Pearson Lloyd
Today we look deeper in to Warhammer 40K and other table top games. Why is 3D printing being used for these games and why has it not spread? How come...
3D Printing Webinar and Event Roundup: November 27, 2022
Coming off of Thanksgiving in the U.S., we’re still at low mass when it comes to 3D printing webinars and events, but there are still a few offerings this week,...
3D Printing News Unpeeled: Wipro Launches a 3D Printer, Liux Wants to Make more Sustainable Cars
Indian technology and outsourcing giant Wipro has launched its very own FDM 3D printer. Liux is a Spanish startup that wishes to make a much more sustainable car while Meld...
3D Printing News Unpeeled: NASA Recycles Packaging and Wants 3D Printed Shuttle Tiles
NASA has given an SBIR award to Gigabot to develop an in space packaging reycling and printing system. Meanwhile Canopy gets another award to make a binder jet production technology...