Desktop Metal (DM) Misses Q2 EPS by 8c

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Desktop Metal (DM) Acquires ExOne Company (XONE) for $575M or $25.5/sh

August 11, 2021 4:22 PM EDT

(Updated - August 11, 2021 4:24 PM EDT)

Desktop Metal, Inc. (NYSE: DM) and The ExOne Company (NASDAQ: XONE) announced today they have entered into a definitive agreement pursuant to which Desktop Metal will acquire all of the issued and outstanding shares of ExOne common stock. Under the terms of the agreement, ExOne shareholders will receive $8.50 in cash and $17.00 in shares of Desktop Metal common stock for each share of ExOne common stock, for a total consideration of $25.50 per share, representing a transaction value of $575 million, subject to a... More