3D SYSTEMS-DTM DEAL CLEARED.Byline: Daily News Staff and Wire Services WASHINGTON - The Justice Department reached a settlement Thursday in an antitrust case Noun 1. antitrust case - a legal action brought against parties who are charged with limiting free competition in the market place action at law, legal action, action - a judicial proceeding brought by one party against another; one party prosecutes another for a against 3D Systems Corp. of Valencia that will allow the company to acquire a Texas-based competitor, DTM DTM dermatophyte test medium. Corp. Under the settlement, the department said 3D and DTM must license their rapid prototyping Building a part one layer at a time using a method of additive fabrication such as 3D printing. Such parts are used for concept modeling to determine if the product design meets the customer's expectations. patents to a third party that will compete in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Rapid prototyping transforms computer designs into three- dimensional objects and is used to speed the design of cell phones, medical equipment and other products. ``We are very pleased that we have reached a mutually acceptable agreement with the Department of Justice,'' said Brian K. Service, 3D Systems' president and chief executive officer. ``We believe that the merger with DTM will result in considerable benefit to our company, shareholders and customers, enabling us to offer a full spectrum of material systems to current and prospective customers.'' The agreement, filed in U.S. District Court here, settles a lawsuit lawsuit: see procedure; tort. filed by the department's Antitrust Antitrust The antitrust laws apply to virtually all industries and to every level of business, including manufacturing, transportation, distribution, and marketing. They prohibit a variety of practices that restrain trade. Division on June 6 to block the merger. The department said the acquisition as initially proposed would have reduced the number of competitors in the U.S. market and limited competition that has resulted in lower prices for consumers. 3D Systems is based in Delaware and operates out of offices in the Valencia Industrial Center. DTM is headquartered in Austin. Service said he expects to move quickly to complete the merger as 3D has been buying up DTM stock. The combined companies will maintain facilities in Austin and Valencia. 3D will conduct a conference call at 10 a.m. today with shareholders. |
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