Following its initial bid to acquire Stratasys, a deal that Stratasys subsequently advised its shareholders not to accept, Nano Dimension Ltd has now extended its offer and is seeking to purchase between 31.9% and 36.9% of the outstanding ordinary shares of Stratasys.
Under the terms of the ‘special tender offer’, Nano Dimension would own up to and no more than 51% of the outstanding Stratasys Shares, with a minimum condition of owning at least 46% upon consummation of the offer. As of May 24, Nano Dimension owned 14.1% of the company’s shares.
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Nano Dimension’s new offer was $20.05 per share in cash, and was said to deliver a certain, near-term premium and all-cash value to Stratasys shareholders. The announcement stated the offer will expire 5:00 PM (EST) on July 24, 2023, unless extended or ended earlier.
Further information on the conditions of the tender offer, and how interested shareholders may accept, is available here.