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UPDATE -- Nano Dimension’s Conference Call: Special Tender Offer to Increase Ownership in Stratasys
Investors’ Call on Tuesday, May 30th, 2023 at 9:00 a.m. EDT The Company Will Address the Merits of the $18.00 Offer That Delivers Certain All-Cash Value At a
About this update from Stratasys, Ltd.
[{"type":"text","content":"Investors’ Call on Tuesday, May 30th, 2023 at 9:00 a.m. EDT The Company Will Address the Merits of the $18.00 Offer That Delivers Certain All-Cash Value At a Premium The Company Will Also Address the Issues with the Stratasys-Desktop Metal Deal Waltham, Mass, May 30, 2023 (GLOBE NEWSWIRE) -- As previously announced, 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, will host a conference call on Tuesday, May 30th, 2023 at 9:00 a.m. EDT (4:00 p.m. IDT) to discuss its special tender offer to increase its ownership in Stratasys Ltd. (Nasdaq: SSYS) (“Stratasys”), as well as the merits of Stratasys’ proposed deal with Desktop Metal, Inc. (NYSE: DM) (“Desktop Metal”, “DM”), which are being positioned as an alternative to the Company’s aforementioned special tender offer. On May 25, 2023, the Company commenced a special tender offer to purchase between 38.8% and 40.8% of the outstanding ordinary shares of Stratasys for $18.00 per share in cash, less any required withholding taxes and without interest. The successful completion of the special tender offer would result in Nano Dimension’s beneficial ownership of between 53% and 55% of the outstanding Stratasys shares, inclusive of the approximately 14.2% of Stratasys’ outstanding ordinary shares that Nano Dimension currently owns. As previously announced, in conjunction with the special tender offer, Nano Dimension also released an investor presentation further detailing the benefits of the special tender offer to Stratasys’ shareholders and the strategic rationale for the tender offer, which was filed as an exhibit to the tender offer statement filed with the U.S. Securities and Exchange Commission (the “SEC”) by the Company on Schedule TO on May 25, 2023, and which can also be accessed on the investor relations page of Nano Dimension’s website. During the investor call, shareholders and markets stakeholders will also learn more about the alternative to Nano Dimension’s special tender offer - the Stratasys and Desktop Metal (“SSYS-DM”) deal that was announced on May 25th, 2023. Nano Dimension will articulate the aspects of the SSYS-DM deal that are problematic from a shareholder’s perspective, especially...