The Donerail Group Delivers Open Letter To The Stratasys Board Of Directors; Says 'Multiple Alternatives Exist To The Desktop Metal Transaction That Offer Significantly Better Terms For Stratasys Shareholders'
Portfolio Pulse from Happy Mohamed
The Donerail Group, a large shareholder of Stratasys Ltd. (SSYS), has released an open letter to Stratasys' Board of Directors, urging them to consider alternatives to the Desktop Metal transaction. Donerail highlighted the improved offer from 3D Systems Corporation and the interest from Nano Dimension Ltd., both of which value SSYS stock at nearly a 70% premium to the Stratasys share price following the Desktop Metal news.
July 14, 2023 | 8:22 pm
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Stratasys Ltd. (SSYS) is being urged by The Donerail Group to consider alternatives to the Desktop Metal transaction, including improved offers from 3D Systems Corporation and Nano Dimension Ltd.
The Donerail Group, a large shareholder of Stratasys, is urging the company to consider alternatives to the Desktop Metal transaction. This includes an improved offer from 3D Systems and interest from Nano Dimension, both of which value SSYS stock at nearly a 70% premium to the Stratasys share price following the Desktop Metal news. This could potentially lead to a significant increase in the stock price of Stratasys in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100