April 16, 2012
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of 3D Systems (NYSE: DDD ) have popped today by upwards of 13% on some merger and acquisition news within the sector.
So what: Israeli company Objet has decided to abandon its IPO plans and instead is choosing to merge with 3-D printer maker Stratasys (Nasdaq: SSYS ) . Objet CEO David Reis will lead the combined company, with Stratasys CEO becoming chairman.
Now what: Merging will allow the new company to broaden its reach and boost customer awareness of what 3-D printing and rapid prototyping can accomplish. Stratasys is seeing loftier gains, but the news was enough to send up rival 3D Systems, as all three of these companies compete in the 3-D printer market.
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