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.
U.S. District Court for the Southern District of New York has dismissed claims filed by Nano Dimension against Murchinson and other shareholders with prejudice. Murchinson holds approximately 5.9% of the outstanding shares of Nano.
Stratasys has announced the filing of a proxy statement with the U.S. Securities and Exchange Commission in connection with its 2023 Annual General Meeting of shareholders, which is scheduled to be held on August 8, 2023.
Nano Dimension has announced an increase to the price of its special tender offer in its attempted takeover of Stratasys from 20.05 USD to 24.00 USD per share in cash.
The funding follows the announcement of the company’s Queen 1 large-format printer launch which deploys a two-nozzle plastic granulate-based VFGF 3D printing technology.
The Donerail Group LP, an investment company that owns approximately 2.3% of the outstanding shares in Stratasys, has published a letter questioning the strategic and financial merits of the pending Desktop Metal merger.
Stratasys has stated it intends to advise shareholders of the Board's position regarding Nano Dimension's revised tender offer within ten business days of June 27.
Nano Dimension has announced it has increased its special tender offer price for Stratasys shareholders from 18.00 USD to 20.05 USD per share in cash and has extended the offer period to July 24.
