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3D SYSTEMS DEAL TENUOUS.


Byline: Daily News

3D Systems Corp. said Thursday Thursday: see week.  that its agreement to acquire a majority interest in Munich-based EOS Eos (ē`ŏs), in Greek religion and mythology, goddess of dawn; daughter of the Titans Hyperion and Theia. Every morning she arose early and preceded her brother Helios into the heavens.  GmbH GmbH Gesellschaft mit Beschränkter Haftung (German: limited liability company; business entity)  is likely off because an EOS minority shareholder has announced his intention to acquire the 75.1 percent of the stock he does not own.

The shareholder has right of first refusal Right of First Refusal

In general, the right of a person or company to purchase something before the offering is made available to others.

Notes:
For example, a football team may have the right of first refusal on a player's contract.
 to acquire the stock but has yet to actually buy it, 3D officials say. If he doesn't, 3D will acquire the stock.

Meanwhile, 3D has signed a nonbinding letter of intent to purchase a portion of EOS's business and will grant EOS a license to 3D-held laser patents should the minority shareholder acquire the stock.
COPYRIGHT 1997 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Daily News (Los Angeles, CA)
Geographic Code:1USA
Date:Aug 8, 1997
Words:107
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