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What: Shares of 3D Systems
So what: Israeli company Objet has decided to abandon its IPO plans and instead is choosing to merge with 3-D printer maker Stratasys
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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Fool contributor Evan Niu holds no position in any company mentioned. Check out his holdings and a short bio. The Motley Fool owns shares of 3D Systems. Motley Fool newsletter services have recommended buying shares of 3D Systems and Stratasys. The Motley Fool has a disclosure policy. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.