Stratasys has announced that independent proxy advisory firms Institutional Shareholder Services and Glass Lewis & Co. have recommended that Stratasys shareholders vote for the re-election of the current board members and against Nano's nominees.
3D Systems has announced a target date of August 4, 2023 for completion of due diligence and merger agreement discussions with Stratasys. This would mark the culmination of efforts that began with the July 17, 2023 announcement from Stratasys.
Stratasys has mailed a letter to its shareholders, in connection with the Stratasys AGM that is set to take place on August 8, 2023. The company says that Nano Dimension is continuing to make “misleading claims”.
Nano Dimension has released a video on its YouTube channel, as well as issuing an accompanying press release, “setting the record straight” for Stratasys shareholders. The video is the 24th instalment in the “Lets Talk” series from the company.
Stratasys has mailed another letter to its shareholders in connection with its Annual General Meeting of Shareholders on August 8, 2023. The company says the letter outlines dangers of electing a slate of “unqualified” director nominees from Nano.
Nano Dimension has released multiple statements addressing the shareholders of Stratasys, and expanding on its intentions for changes to the Stratasys Board of Directors. The company has also commented on a statement from Stratasys,
Nano Dimension has announced that it is continuing to pursue claims against shareholders Murchinson, Anson, and Boothbay in New York. On July 14, 2023, Nano filed a complaint against Defendants Murchinson and affiliates in the NY Supreme Court.
Stratasys has announced that its board, after consultation with its independent financial and legal advisors, has unanimously determined that the revised Nano partial tender offer is “misleading, illusory” and “undervalues" the company as a whole.
Nano Dimension has issued a statement detailing an increase to its special tender offer to Stratasys shareholders. The offer has been increased to $25 per share, which it says represents a 233% premium over the cash portion of the 3D Systems offer.
3D Systems has welcomed the July 17, 2023 announcement from Stratasys that 3D Systems’ acquisition proposal would “reasonably be expected” to result in a superior proposal to the Stratasys merger with Desktop Metal.
Stratasys has announced that its board of directors has “unanimously determined” that the July 13, 2023 proposal from 3D Systems, would “reasonably be expected” to result in a superior proposal to the Desktop Metal merger agreement.
3D Systems has announced an increased, binding offer to combine with Stratasys, the third takeover offer submitted by the company. Each Stratasys share would convert into 7.50 USD in cash and 1.5444 shares of the combined company.
