Nano Dimension Encourages Stratasys Shareholders To Replace Entrenched Board And Highlights Problematic Track Records Of Stratasys Directors
Portfolio Pulse from Happy Mohamed
Nano Dimension Ltd. (NNDM), a leading supplier of Additively Manufactured Electronics (AME) and 3D printers, which owns approximately 14.1% of Stratasys' (SSYS) outstanding ordinary shares, is encouraging Stratasys shareholders to replace their current board with Nano Dimension's director nominees. Nano Dimension criticizes the Stratasys board for neglecting its fiduciary duties, pursuing a dilutive transaction with Desktop Metal, and having a problematic track record. The new board proposed by Nano Dimension is expected to focus on enabling competing bids for Stratasys to maximize shareholder value.
July 17, 2023 | 2:10 pm
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NEUTRAL IMPACT
The push by Nano Dimension for a board change at Stratasys could potentially lead to a shift in the company's strategic direction, which could impact its stock price.
The push by Nano Dimension for a board change at Stratasys could potentially lead to a shift in the company's strategic direction. This could create uncertainty among investors, potentially leading to volatility in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Nano Dimension's push for a board change at Stratasys could potentially increase its influence over the company, potentially benefiting its own strategic interests.
As a significant shareholder in Stratasys, Nano Dimension's push for a board change could potentially increase its influence over the company's strategic direction, which could potentially benefit its own strategic interests.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100