Business
Stratasys Mails Letter to Shareholders Highlighting the Risks of Nano Dimension’s Misleading Campaign
Outlines Dangers of Electing Nano’s Non-Independent Slate of Unqualified Director Nominees Underscores the Coercive Nature of Nano’s Partial Tender Offer
About this update from Stratasys, Ltd.
[{"type":"text","content":"\nOutlines Dangers of Electing Nano’s Non-Independent Slate of Unqualified Director Nominees\n\n\nUnderscores the Coercive Nature of Nano’s Partial Tender Offer\n\n\nExplains Why Yoav Stern, Nano’s CEO, Cannot be Trusted with Stratasys\n\n\nUrges Shareholders to Vote on the WHITE Proxy Card Today “FOR” the Re-Election of Stratasys’ Directors\n\n\n MINNEAPOLIS & REHOVOT, Israel--(BUSINESS WIRE)--\nStratasys Ltd. (Nasdaq: SSYS) (“Stratasys” or the “Company”), a leader in polymer 3D printing solutions, today mailed a letter to shareholders in connection with Stratasys’ Annual General Meeting of Shareholders (“the Meeting”) on August 8, 2023.\n\n\nThe full text of the letter follows:\n\n\nThe facts are clear and your vote is important. Support the Stratasys Board and VOTE TODAY on the WHITE proxy card “FOR” the re-election of Stratasys’ directors. The Stratasys Board urges shareholders NOT to tender into Nano Dimension Ltd.’s (“Nano”) coercive partial tender offer, to withdraw any shares previously tendered and to contact their broker and instruct them to file a Notice of Objection.\n\n\nYoav Stern, Nano’s CEO, cannot be trusted and is not trusted by his own shareholders. Don’t be misled by Nano and its inconsistent campaign.\n\n\nWhy You Should Vote FOR Stratasys’ Slate\n\n\n\nStratasys has a highly qualified, independent and diverse Board.\n\n\n\nMr. Stern admits that Nano's slate of nominees is not independent.\n\n\n\nNano’s slate of nominees is unqualified and all but one are officers of Nano.\n\n\n\nOfficers at Nano are not qualified to be Board members of Stratasys, a company that is more than 10x the size of Nano.\n\n\n\nVoting for Nano’s slate of nominees means Nano could take control of Stratasys without paying anything to Stratasys shareholders.\n\n\n\nWhy You Should NOT Tender Your Shares\n\n\n\nNano’s partial tender offer means you may have as little as approximately 40% of your shares purchased, assuming full participation in the offer.\n\n\n\nIf Nano’s partial tender offer is successful, you could potentially remain a minority shareholder in a Nano-controlled company.\n\n\n\nNano’s partial tender offer implies that your Stratasys shares are valued at approximately $16 to $19 per share or less1, assuming full participation in the offer.\n\n\n\nNano has destroyed significant value and displayed disastrous governance.\n\n...