Stratasys Board Unanimously Rejects Nano Dimension's Partial Tender Offer
Portfolio Pulse from Benzinga Newsdesk
Stratasys' board unanimously rejected Nano Dimension's partial tender offer to acquire Stratasys shares for $18.00 per share, stating it undervalues the company and is not in the best interests of shareholders.
May 30, 2023 | 10:03 am
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NEUTRAL IMPACT
Nano Dimension's partial tender offer to acquire Stratasys shares was rejected by Stratasys' board, citing undervaluation.
The rejection of Nano Dimension's offer by Stratasys' board may lead to potential negotiations for a higher price or other interested parties making offers. In the short term, the impact on Nano Dimension's stock price is neutral as the market digests the news and awaits further developments.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Stratasys' board rejected Nano Dimension's offer, stating it undervalues the company and is not in shareholders' best interests.
The rejection of the offer by Stratasys' board indicates that they believe the company is worth more than the offered price. This could lead to potential negotiations for a higher price or other interested parties making offers. In the short term, the impact on the stock price is neutral as the market digests the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100