Stratasys Says Israeli Court Noted On Preliminary Basis That Shareholder Rights Plans Are Legal Under Israeli Law
Portfolio Pulse from Benzinga Newsdesk
Stratasys has announced that an Israeli court has preliminarily noted that shareholder rights plans are legal under Israeli law. The court has set a schedule for submission of summations to be completed by September 14, 2023. Stratasys expects a decision on this matter by late September or early October 2023.
July 19, 2023 | 10:05 am
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NEUTRAL IMPACT
The legal proceedings regarding shareholder rights plans could impact Stratasys' operations and investor sentiment. A decision is expected by late September or early October 2023.
The legal proceedings regarding shareholder rights plans could potentially impact Stratasys' operations and investor sentiment. However, as the decision is not expected until late 2023, the immediate impact on the stock is likely to be neutral.
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