Lake Street analyst Troy Jensen says Nano Dimension (NNDM) has “now made Merger Mania more exciting” with a revised $24 all-cash offer for Stratasys’ (SSYS) shares and if a Stratasys shareholders only had two options, the firm would recommend taking the $24 per share cash offer from Nano over watching Stratasys shares “fall back down to pre-merger levels or lower” if they complete the merger with Desktop Metal (DM). However, the firm would “fully anticipate” 3D Systems (DDD) will sweeten their offer with a higher percentage of shares and exceed the $24 offer that Nano has on the table, the analyst tells investors. The firm has Buy ratings on Stratasys and 3D Systems and a Hold rating on Desktop Metal.
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