Stratasys rejects revised offers from Nano Dimension and 3D Systems

July 3, 2023

Following revised offers from both Nano Dimension and 3D Systems, the Stratasys Board of Directors has issued statements rejecting both proposals.

On June 30, it was announced that after consulting with its independent financial and legal advisors, the Stratasys Board of Directors unanimously determined that the revised partial tender offer by Nano Dimension Ltd. made on June 27th “substantially undervalues the company”. As a result, the board is reportedly recommending that shareholders reject the revised offer and deliver a Notice of Objection against the offer.

Subscribe to our weekly newsletter
Sign up

Stratasys has also rejected the offer from 3D Systems that was also presented on June 27th, following the rejection of their original proposal submitted on May 30th. This rejection was reportedly made on the basis that Stratasys believes it to “materially undervalue Stratasys [and…] not constitute a ‘superior proposal’ and […] not provide a basis upon which to enter into discussions with 3D Systems, pursuant to the terms of the merger agreement with Desktop Metal, Inc.”

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