Stratasys To Review Revised Unsolicited Partial Tender Offer From Nano Dimension
Portfolio Pulse from Happy Mohamed
Nano Dimension Ltd. has increased its offer price to acquire Stratasys Ltd. shares from $18.00 to $20.05 per share and reduced the percentage of shares sought from 38.8%-40.8% to 31.9%-36.9%. The offer period has been extended until July 24, 2023. Previously, Stratasys rejected Nano's offer as it undervalued the company. Stratasys will review the revised offer. Stratasys is also in a merger agreement with Desktop Metal, Inc.
June 27, 2023 | 4:23 pm
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NEUTRAL IMPACT
Desktop Metal is in a merger agreement with Stratasys, which is currently reviewing a revised offer from Nano Dimension.
The ongoing merger between Desktop Metal and Stratasys could be affected by Stratasys' decision on Nano Dimension's revised offer. This could potentially impact Desktop Metal's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 60
NEUTRAL IMPACT
Nano Dimension has increased its offer price to acquire Stratasys shares and extended the offer period.
Nano Dimension's revised offer to acquire Stratasys shares could impact its own stock price. The outcome depends on Stratasys' response and the market's perception of the deal.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Stratasys is reviewing a revised offer from Nano Dimension to acquire its shares. The company is also in a merger agreement with Desktop Metal.
The revised offer from Nano Dimension could potentially impact Stratasys' stock price. However, the company's ongoing merger with Desktop Metal also plays a significant role in its stock performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100