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Desktop Metal Said to Have Explored Deal for SLM Solutions

  • Companies held informal talks before discussions put on ice
  • SLM’s largest shareholder is activist investment firm Elliott
A 3d printer at the Desktop Metal headquarters in Burlington, MA.

A 3d printer at the Desktop Metal headquarters in Burlington, MA.

Photographer: Lane Turner/The Boston Globe/Getty Images

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Desktop Metal Inc., the U.S. maker of 3-D printing machines, recently approached rival SLM Solutions Group AG about a potential takeover before putting the plans on ice, according to people familiar with the matter.

Desktop Metal signaled its interest in making an all-stock bid valuing the German company at around 600 million euros ($713 million), according to the people. The two firms held some informal talks about the potential offer of roughly 30 euros per share before Desktop Metal decided not to proceed, the people said, asking not to be identified because the information is private.