September 6, 2012 (Update) -- Stratasys, Inc. (NASDAQ: SSYS) announced today that it has signed a memorandum of understanding to settle the previously disclosed class action lawsuit captioned Hennig v. Crump, et al., C.A. No. 7670-VCL pending in the Delaware Court of Chancery and the class action lawsuit in the District Court, Fourth Judicial District, Hennepin County, Minnesota entitled Legette v. Crump, et al., File No. 27-cv-12-14321. A third action, Askersrud v. Stratasys Inc., et al., also pending before District Court, Fourth Judicial District, Hennepin County, Minnesota under File No. 27-cv-12-15581, will be voluntarily dismissed by the plaintiff.
August 2012 -- Lawsuit filed over alleged breaches of fiduciary duties in connection with the proposed buyout.

On April 16, 2012, Stratasys, Inc. (NASDAQ:SSYS) announces that the boards of directors of Stratasys, Inc. and Objet Ltd. have approved a merger agreement under which the companies would combine in an all-stock transaction with a combined equity value of approximately $1.4 billion, based upon the closing price of Stratasys' common stock on April 13, 2012. Under the terms of the agreement, Stratasys will merge with a subsidiary of Objet, and Stratasys shareholders will receive one share of the new combined company for each share of Stratasys common stock they own.

However, Stratasys, Inc. (NASDAQ:SSYS) has performed well in the recent past. Its annual Revenue rose from $98.97million in 2009 to $155.89million in 2011 and its Net Income increased from $4.12million in ’09 to $20.63million in 2011. Shares of Stratasys, Inc. (NASDAQ:SSYS) grew from as low as $8.15 per share in March 2009 to as high as $53.85 per share in April 2011. In fact, NASDAQ:SSYS shares traded as recently as May 23, 2012 as high as $54.49 per share.