Business
Stratasys to Review Unsolicited Special Tender Offer From Nano Dimension
No Shareholder Action Required at this Time MINNEAPOLIS & REHOVOT, Israel--(BUSINESS WIRE)-- Stratasys Ltd. (Nasdaq: SSYS) (the “Company”), a leader in
About this update from Stratasys, Ltd.
[{"type":"text","content":"\nNo Shareholder Action Required at this Time\n\n\n MINNEAPOLIS & REHOVOT, Israel--(BUSINESS WIRE)--\nStratasys Ltd. (Nasdaq: SSYS) (the “Company”), a leader in polymer 3D printing solutions, today confirmed that Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano”) has commenced an unsolicited special tender offer to acquire between 53% and 55% ownership of Stratasys’ outstanding ordinary shares for $18.00 per share in cash (the “Offer”).\n\n\nConsistent with its fiduciary duties, and in consultation with its independent financial and legal advisors, the Stratasys Board of Directors will carefully review and evaluate the Offer to determine the course of action that it believes is in the best interests of the Company and Stratasys shareholders. Stratasys shareholders are advised to take no action at this time pending the Stratasys Board’s review and evaluation of the Offer.\n\n\nStratasys intends to advise shareholders of the Stratasys Board’s position regarding the Offer within ten business days by making available to shareholders a Solicitation/Recommendation Statement on Schedule 14D-9, to be filed with the U.S. Securities and Exchange Commission and published on Stratasys’ website at www.stratasys.com.\n\n\nEarlier today, Stratasys announced it has entered into a definitive agreement with Desktop Metal, Inc. (NYSE: DM) (“Desktop Metal”) to combine in an all-stock transaction valued at approximately $1.8 billion. The transaction, which is expected to be completed in the fourth quarter of 2023, is subject to customary closing conditions, including the approval of Stratasys’ shareholders and Desktop Metal’s stockholders and the receipt of certain governmental and regulatory approvals.\n\n\nJ.P. Morgan is acting as financial advisor to Stratasys, and Meitar Law Offices and Wachtell, Lipton, Rosen & Katz are serving as legal counsel.\n\n\nAbout Stratasys\n\n\nStratasys is leading the global shift to additive manufacturing with innovative 3D printing solutions for industries such as aerospace, automotive, consumer products, healthcare, fashion and education. Through smart and connected 3D printers, polymer materials, a software ecosystem, and parts on demand, Stratasys solutions deliver competitive advantages at every stage in the product value chain. The world’s leading organizations turn to Stratasys to transform product design, bring agi...