Nano Dimension increases offer price for Stratasys shares in revised offer

July 11, 2023

Nano Dimension Ltd., Waltham, Massachusetts, USA, announced on June 10 that it had increased its offer to acquire Stratasys Ltd from $20.05 to $24.00 per share in cash. The increased price was said to represent a premium to all relevant Stratasys historical trading levels, including an 85% premium to the unaffected 60-day volume-weighted average price as of March 3rd, 2023.

The company stated that tendering shares to Nano would deliver 220% more cash to Stratasys shareholders in the near-term than any currently available alternative, including the cash from a proposed 3D Systems, Inc. deal, while preserving the ability to generate future value creation through strategic M&A opportunities.

Subscribe to our weekly newsletter
Sign up

As the largest shareholder of Stratasys, Nano Dimension added that it intends to support a review of strategic alternatives to further enhance shareholder value, including through industry consolidation, possibly through a ****negotiated combination with 3D Systems, following the successful completion of the special tender offer.

This revised offer follows on from Stratasys’ rejection of Nano Dimension’s revised partial tender offer on June 30. It was announced on June 30, 2023, that the Stratasys Board unanimously rejected Nano’s previous partial tender offer to acquire between 31.9% and 36.9% ownership of Stratasys’ outstanding ordinary shares for $20.05 per share in cash. This offer was, itself, a revised offer after the Stratasys Board unanimously rejected Nano’s previous unsolicited partial tender offer to acquire between 38.8% and 40.8% ownership of Stratasys’ outstanding ordinary shares not already owned by Nano for $18.00 per share in cash on May 30, 2023.

Download Metal AM magazine

In the latest issue of Metal AM magazine

Download PDF

Extensive AM industry news coverage, as well as the following exclusive deep-dive articles:

  • Metal powders in Additive Manufacturing: An exploration of sustainable production, usage and recycling
  • Inside Wayland Additive: How innovation in electron beam PBF is opening new markets for AM
  • An end-to-end production case study: Leveraging data-driven machine learning and autonomous process control in AM
  • Consolidation, competition, and the cost of certification: Insight from New York’s AM Strategies 2024
  • Scandium’s impact on the Additive Manufacturing of aluminium alloys
  • AM for medical implants: An analysis of the impact of powder reuse in Powder Bed Fusion

The world of metal AM to your inbox

Don't miss any new issue of Metal AM magazine, and get the latest industry news. Sign up to our twice weekly newsletter.

Sign up

Discover our magazine archive…

The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:

  • Reports on visits to leading metal AM part manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

Browse the archive

Looking for AM machines, metal powders or part manufacturing services?

Discover suppliers of these and more in our comprehensive advertisers’ index and buyer’s guide, available in the back of Metal AM magazine.

  • AM machines
  • Process monitoring & calibration
  • Heat treatment & sintering
  • HIP systems & services
  • Pre- & post-processing technology
  • Powders, powder production and analysis
  • Part manufacturers
  • Consulting, training & market data
View online
Share via
Copy link
Powered by Social Snap