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Monday, November 24, 2014

3D Systems to purchase design software maker Cimatron, (NCM: CIMT), (NYSE: DDD)

3D printer maker 3D Systems Corp said it would purchase Cimatron Ltd for about $97 million to strengthen its position in the fast-growing 3D design and manufacturing business. 3D Systems said it will pay $8.97 per Cimatron share, a premium of 47.5 percent to the stock's closing price on the Nasdaq on Friday.Israel-based Cimatron provides 3D design software products.3D Systems said the deal will add to adjusted profit and cash flow immediately after its expected close in the first quarter of 2015.

Cimatron Ltd. designs, develops, manufactures, markets and supports a family of modular computer-aided design/computer-aided manufacturing (CAD/CAM) software products. Shares of CIMT traded higher by 2.18% or $0.13/share to $6.08. In the past year, the shares have traded as low as $5.21 and as high as $10.75. On average, 67378 shares of CIMT exchange hands on a given day and today's volume is recorded at 115339.

3D Systems Corporation (3D Systems) is a holding company that operates through subsidiaries in the United States, Europe and the Asia-Pacific region. Shares of DDD fell by 0.87% or $-0.31/share to $35.15. In the past year, the shares have traded as low as $32.64 and as high as $97.28. On average, 3186130 shares of DDD exchange hands on a given day and today's volume is recorded at 1989162.



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