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M&A
Stratasys board of directors rejects Nano Dimension’s partial tender offer
Additive Manufacturing
May 30, 2023
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Additive Manufacturing

Additive Manufacturing

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May 30, 2023

Stratasys board of directors rejects Nano Dimension’s partial tender offer

Management news
M&A

  • Stratasys, a provider of end-to-end additive manufacturing (AM) solutions, announced that its board of directors (BoD) has unanimously rejected the partial tender offer made by Nano Dimension, a developer of additively manufactured electronics.

  • Nano Dimension offered to acquire ordinary shares of Stratasys at USD 18.00 per share in cash, which Stratasys’ BoD—in consultation with independent financial and legal advisors—determined significantly undervalues the company.

  • Nano Dimension has been Stratasys’ largest shareholder since July 2022 with a stake of 14.5%. The offer was to acquire part of the company’s shares to increase this stake to 53%–55%.

  • Analyst QuickTake : Previously in March, Nano Dimension offered to acquire full ownership of Stratasys, which was subsequently rejected by the company. Stratasys appears to be continuing business as usual as it announced a merger with additive manufacturing company Desktop Metal in a USD 1.8 billion deal.

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