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Nano Dimension Increases Its Proposed Price to $25.00 per Share in Cash in its Special Tender Offer Price for Stratasys Shares
a 233% Premium1 Over 3D Systems’ Cash Portiona 93% Premium Over SSYS Share Price2 If NANO’s Tender Offer does Not Close – NANO Intends to Review its
About this update from Stratasys, Ltd.
[{"type":"text","content":"a 233% Premium1 Over 3D Systems’ Cash Portiona 93% Premium Over SSYS Share Price2 If NANO’s Tender Offer does Not Close – NANO Intends to Review its Investment in Stratasys, Including Possible Sale of All its 14.1% Holdings in Stratasys in the Open market 3D Systems’ Proposal Worth Only $7.50 per Share in Cash, the Rest is an Uncertain value as $14.50 in Volatile Shares is Not-Realizable Number As Stratasys’ Largest Shareholder, Nano Believes Stated Value of Latest 3D Systems Offer is Misleading by Using an Inflated and Unsustainable 3D Systems’ Share Price Using Historical Prices3, 3D Systems’ Proposal is Worth Barely ~$22 per Share, Only $7.50 per Share of Which is in Cash Nano Offer Provides Guaranteed Cash Value and More Certainty Than Any Alternative, with Ample Cash on Hand Following the Completion of the Special Tender Offer, Nano Intends to Explore Strategic Industry Consolidation, Including, a Potential Combination of Stratasys with 3D Systems Based on a Full and Fair Transaction, OR:Will Seek to Own 100% of Stratasys as Soon as Practical and Permissible EXPIRATION DATE OF THE SPECIAL TENDER OFFER HAS BEEN EXTENDED: Stratasys Shareholders Now Have Until 5:00 p.m., New York Time, on July 31st, 2023, to Tender Shares To learn more about Nano’s vision for Stratasys and details of its Special Tender Offer for Stratasys shares, visit www.StratasysValueNow.com Contact Georgeson Toll-Free at (877) 668-1646 for Information on How to Tender Waltham, Mass., July 18, 2023 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM, “Nano Dimension”, “Nano”, “NANO” or the “Company”), a leading supplier of Additively Manufactured Electronics (“AME”) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (“AM”) 3D printers, today announced the following actions that highlight a clear path to maximizing value for shareholders of Stratasys Ltd. (Nasdaq: SSYS) (“Stratasys”): Nano Dimension has increased its special tender offer price (the “Offer”) to $25.00 per share from $24.00, in cash, less any required withholding taxes and without interest, to purchase between 31.9% and 36.9% of the outstanding ordinary shares of Stratasys. The expiration date of the offer period has been extended to 5:00 p.m., New York Time, on July 31st, 2023 (unless further extended or earlier terminated). Tendering shares to Nano will deliver 233% more...