Nano Dimension (NNDM) "announced that it has further increased its offer to acquire Stratasys (SSYS) for $20.05 per share in cash. Under the terms of the increased proposal, Nano Dimension would acquire the remaining shares of Stratasys it does not currently own for an aggregate of approximately $1.22 billion on a fully diluted basis. This offer represents a premium of 41% to the closing trading price as of March 3rd, 2023, a 44% premium to the Company’s 30-day VWAP, a 54% premium to the 60-day VWAP and a 51% premium to the 90-day VWAP as of March 3rd, 2023. Nano Dimension’s revised offer represents another increase in value of $2.05 per share, or approx. 11.4%, as compared to its March 6th, 2023, proposal and $0.50, or approx. 3%, as compared to its March 29th, 2023 proposal. The proposal, as with the prior offers, presents a significant opportunity for Stratasys shareholders to realize compelling and certain value."
Published first on TheFly
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