Stratasys Ltd. agreed to acquire Desktop Metal Inc. in an all-stock deal that will create a leading 3D printer company valued at about $1.8 billion.
Desktop Metal shareholders will receive 0.123 Stratasys shares for every class A share they already own, according to a statement Thursday that confirmed an earlier Bloomberg News report. That’s worth about $1.88 per share based on Tuesday’s prices, or about a 2% premium to Desktop Metal’s close that day.