Nano Dimension Reaffirms $18 Per Share All-Cash Tender Offer For Stratasys Shareholders
Portfolio Pulse from Benzinga Newsdesk
Nano Dimension has reaffirmed its $18 per share all-cash tender offer for Stratasys shareholders and demands an Extraordinary General Meeting to replace the majority of Stratasys Board of Directors with nominees proposed by Nano.
June 13, 2023 | 10:27 am
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Nano Dimension reaffirms its $18 per share all-cash tender offer for Stratasys shareholders, potentially leading to a change in Stratasys' board.
Nano Dimension's reaffirmation of the tender offer shows its commitment to acquiring Stratasys. However, the short-term impact on NNDM's stock price is uncertain as the outcome of the Extraordinary General Meeting and board changes are yet to be determined.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Stratasys faces a potential board overhaul as Nano Dimension reaffirms its $18 per share all-cash tender offer for Stratasys shareholders.
The reaffirmed tender offer by Nano Dimension may lead to a change in Stratasys' board, but the short-term impact on SSYS stock price is uncertain as the outcome of the Extraordinary General Meeting and board changes are yet to be determined.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100