Business
Nano Dimension Reaffirms $18 Per Share All-Cash Tender Offer for Stratasys Shareholders to Receive Near-Term Value by Tendering Their Shares
Nano Dimension (“Nano”) - Largest Stratasys Shareholder - Gears Up to Replace Stratasys Board Committed to Creating Value for Stratasys Shareholders and Seeks
About this update from Stratasys, Ltd.
[{"type":"text","content":"Nano Dimension (“Nano”) - Largest Stratasys Shareholder - Gears Up to Replace Stratasys Board Committed to Creating Value for Stratasys Shareholders and Seeks to Replace Seven of Stratasys’ Complacent Directors Nano Demands Special Shareholder Meeting for Board Replacement To Be Called Immediately by Stratasys Anticipated Completion of the Special Tender Offer Post June 26th, 2023 Stratasys Shareholders Have Until June 26th, 2023, to Tender Their Shares for Guaranteed Cash Value Contact Georgeson Toll-Free at (877) 668-1646 for More Information Learn More at www.StratasysValueNow.com Waltham, Mass., June 13, 2023 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension”, “Nano” or the “Company”), a leading supplier of Additively Manufactured Electronics (“AME”) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (“AM”) 3D printers, today reinforced its plan to deliver long-term value to Stratasys Ltd. (Nasdaq: SSYS) (“Stratasys”) shareholders, which includes: An $18.00 per share special tender offer to provide certain, near-term premium and all-cash value to Stratasys shareholders.Nano demands that the Stratasys Board call an Extraordinary General Meeting of Stratasys shareholders following the completion of the $18-per-share-special-tender for the purpose of removing the majority of the Stratasys Board of Directors and replacing them with highly qualified nominees proposed by Nano. Nano believes such action is vital to prevent further value destruction and create a path to establishing a preeminent leader in the rapidly growing AM market that will drive long-term value. Nano Dimension is offering a straightforward plan to deliver value: Delivers IMMEDIATE $18 cash value to Stratasys shareholders.Nano leadership will set up management to be committed, motivated and compensated based on demonstrating efficacy in driving the performance of Stratasys, which will become the main business asset of Nano following the successful tender, reversing years of lagging Stratasys growth and profits. The immediate value of Nano’s $18 per share all-cash tender is clear: Provides a premium to all relevant Stratasys historical trading levels, including a 39% premium to the unaffected 60-day VWAP as of March 3rd, 2023.Provides more certainty than the pending Desktop Metal Ltd. (NYSE: DM) (“Desktop Metal”) merger ag...