3D Systems and DTM Extend Tender Offer
VALENCIA, Calif. & AUSTIN, Texas--June 6, 2001-- 3D Systems Corp. and DTM Corp. today announced that they have agreed to extend the expiration date of the tender offer for all the outstanding shares of common stock of DTM until midnight Eastern time on Monday, June 18, 2001. The tender offer had been scheduled to expire at midnight Eastern time, on Thursday, June 7, 2001.3D Systems and DTM agreed to extend the offer in order to provide additional time to consider alternatives and to prepare for defense of the civil action filed today by the Antitrust Division of the U.S. Department of Justice to permanently enjoin the acquisition by 3D Systems of DTM.
"We believe the government's case is without merit, and we intend to vigorously defend the legality of the transaction," said Brian K. Service, 3D Systems' president and chief executive officer.
John S. Murchison III, DTM's president and chief executive officer, stated, "DTM likewise believes that the government's case is without merit, and we remain committed to the transaction, which we continue to believe adds value for our shareholders as well as our customers."