Shareholder Alert: Ademi LLP investigates whether Desktop Metal, Inc. has obtained a Fair Price in its transaction with Stratasys

MILWAUKEE, May 25, 2023 /PRNewswire/ -- Ademi LLP is investigating Desktop Metal (NYSE: DM) for possible breaches of fiduciary duty and other violations of law in its transaction with Stratasys 

Click here to learn how to join the action https://www.ademilaw.com/case/desktop-metal-inc or call Guri Ademi toll-free at 866-264-3995.  There is no cost or obligation to you.

Desktop Metal public stockholders are expected to receive only 0.123 ordinary shares of Stratasys for each share of Desktop Metal Class A common stock, or approximately $1.88 per share of Desktop Metal Class A common stock based on the closing price of a Stratasys ordinary share of $15.26 on May 23, 2023. Following the closing of the transaction, which is expected to occur in the fourth quarter of 2023, existing Stratasys shareholders will own approximately 59% of the combined company, and legacy Desktop Metal stockholders will own approximately 41% of the combined company, in each case, on a fully diluted basis. The transaction agreement unreasonably limits competing bids for Desktop Metal by imposing a significant penalty if Desktop Metal accepts a superior bid. Desktop Metal insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of Desktop Metal's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Desktop Metal.

If you own Desktop Metal common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/desktop-metal-inc.                       

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

SOURCE Ademi LLP