Stratasys Holder Donerail Urges Pulling Desktop Metal Deal (1)

An investor of Stratasys Ltd. is urging the 3D-printer maker to terminate its acquisition of Desktop Metal Inc. as the buyer has received unsolicited takeover offers.

The Donerail Group, which says it’s a large shareholder of Stratasys, said the board’s unwillingness to engage with suitors introduced “heightened” concern over the company’s governance and strategic direction, according to a letter on Thursday. The investor owns about 2.3% of the company, the letter showed.

A representative for Stratasys didn’t immediately respond to a request for comment.

Stratasys announced a $1.8 billion all-stock deal for Desktop Metal last month and has also ...