Nano Dimension To Vote "Against" Stratasys' Merger With Desktop Metal; Urges Fellow Stratasys Shareholders To Join In Opposition
Portfolio Pulse from Benzinga Newsdesk
Nano Dimension (NNDM) has announced its intention to vote against the proposed merger between Stratasys (SSYS) and Desktop Metal. NNDM is urging other SSYS shareholders to join in opposition to the merger.
September 14, 2023 | 12:59 pm
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NEUTRAL IMPACT
Nano Dimension's opposition to the Stratasys-Desktop Metal merger could potentially influence other shareholders and impact the outcome of the merger vote.
As a shareholder, Nano Dimension's opposition to the merger could potentially sway other shareholders' votes. However, the impact on NNDM's own stock price is uncertain as it depends on the overall market reaction to the merger and the company's stance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
Stratasys' proposed merger with Desktop Metal faces opposition from Nano Dimension, which could potentially impact the outcome of the merger vote.
As the company proposing the merger, Stratasys could see its stock price negatively impacted if the merger does not go through. The opposition from Nano Dimension, a shareholder, could potentially sway the vote against the merger.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100