American Made Advocacy: Congress Back from Break With Work To Do
Beyond the Board: What Companies Need to Know Before Entering the MilAero PCB Market
Defense Speak Interpreted: If CHIPS Cuts Back, What Happens to Electronics Packaging Funds?
Nano Dimension’s Conference Call: Special Tender Offer to Increase Ownership in Stratasys
May 30, 2023 | Nano DimensionEstimated reading time: 1 minute
As previously announced, Nano Dimension Ltd., a leading supplier of Additively Manufactured Electronics (AME) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (AM) 3D printers, will host a conference call on Tuesday, May 30, 2023 at 9:00 a.m. EDT (4:00 p.m. IDT) to discuss its special tender offer to increase its ownership in Stratasys Ltd., as well as the merits of Stratasys’ proposed deal with Desktop Metal, Inc., which are being positioned as an alternative to the Company’s aforementioned special tender offer.
On May 25, 2023, the Company commenced a special tender offer to purchase between 38.8% and 40.8% of the outstanding ordinary shares of Stratasys for $18.00 per share in cash, less any required withholding taxes and without interest. The successful completion of the special tender offer would result in Nano Dimension’s beneficial ownership of between 53% and 55% of the outstanding Stratasys shares, inclusive of the approximately 14.2% of Stratasys’ outstanding ordinary shares that Nano Dimension currently owns.
As previously announced, in conjunction with the special tender offer, Nano Dimension also released an investor presentation further detailing the benefits of the special tender offer to Stratasys’ shareholders and the strategic rationale for the tender offer, which was filed as an exhibit to the tender offer statement filed with the U.S. Securities and Exchange Commission (the SEC) by the Company on Schedule TO on May 25, 2023, and which can also be accessed on the investor relations page of Nano Dimension’s website.
During the investor call, shareholders and markets stakeholders will also learn more about the alternative to Nano Dimension’s special tender offer - the Stratasys and Desktop Metal (SSYS-DM) deal that was announced on May 25, 2023. Nano Dimension will articulate the aspects of the SSYS-DM deal that are problematic from a shareholder’s perspective, especially in comparison to the certain all-cash value of Nano Dimension’s $18.00 per share offer.
Share on:
Testimonial
"Advertising in PCB007 Magazine has been a great way to showcase our bare board testers to the right audience. The I-Connect007 team makes the process smooth and professional. We’re proud to be featured in such a trusted publication."
Klaus Koziol - atgSuggested Items
Intel Shares Surge Following Report of Early Talks to Make Chips for Rival AMD
10/03/2025 | I-Connect007 Editorial TeamIntel shares jumped on October 1, following reports that the company is in early talks to manufacture chips for rival AMD through its foundry business, according to CNBC.
Mycronic Executes Share Split and Determines Record Date
05/27/2025 | MycronicThe annual general meeting of Mycronic AB (publ) held on May 7, 2025, resolved to increase the number of shares by a share split, whereby one (1) existing share will be split into two (2) shares.
Transom Capital, SigmaTron Announce Entry into Merger Agreement
05/22/2025 | Globe NewswireTransom Capital Group, LLC, an operationally focused middle-market private equity firm, and SigmaTron International, Inc., an electronic manufacturing services company, announced that they have entered into a merger agreement pursuant to which an affiliate of Transom will acquire the Company.
Microsoft to Lay Off 6,000 Workers Across All Departments
05/14/2025 | I-Connect007Microsoft announced on May 13 that it is cutting 3% of its workforce, which will affect 6,000 people across all levels, teams, and geographies. This, despite the fact that the company’s shares rose about 9% at the end of April, with better-than-expected results, with $25.8 billion in quarterly net income.
Apple Announces Plans to Add AI Search to Safari, Potentially Threatening Google’s Ad Revenue
05/09/2025 | I-Connect007 Editorial TeamGoogle’s search engine dominance may be on the way out, after Apple announced on May 7 that it is “actively looking at” using artificial intelligence (AI)-powered search engines in its Safari browser.