Advises Shareholders to Just take No Action at This Time
MINNEAPOLIS & REHOVOT, Israel, March 29, 2023–(Business enterprise WIRE)–Stratasys Ltd. (Nasdaq: SSYS) (the “Business”), a leader in polymer 3D printing methods, currently confirmed that it has received a revised unsolicited non-binding indicative proposal from Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano”) to obtain Stratasys for $19.55 per share in funds.
Dependable with its fiduciary responsibilities, and in consultation with its impartial fiscal and lawful advisors, the Stratasys Board of Administrators will meticulously assessment and consider the proposal to establish the class of motion that it thinks is in the greatest interests of the Business and Stratasys shareholders.
As earlier declared on March 22, 2023, the Stratasys Board unanimously turned down an unsolicited non-binding indicative proposal it received from Nano to purchase Stratasys for $18.00 per share in dollars. The Stratasys Board thoroughly reviewed and evaluated the proposal, and concluded that proposal substantially undervalued the Corporation in gentle of its standalone potential clients and was not in the greatest pursuits of Stratasys and its shareholders.
Stratasys shareholders do not will need to choose any motion at this time.
J.P. Morgan is acting as money advisor to Stratasys, and Meitar Regulation Places of work and Wachtell, Lipton, Rosen & Katz are serving as lawful counsel.
Stratasys is foremost the world wide change to additive producing with impressive 3D printing answers for industries these types of as aerospace, automotive, customer products, health care, vogue and schooling. Via clever and related 3D printers, polymer products, a software program ecosystem, and elements on demand, Stratasys answers provide competitive strengths at just about every stage in the item value chain. The world’s foremost corporations convert to Stratasys to change item design and style, convey agility to producing and source chains, and make improvements to affected individual care.
To discover extra about Stratasys, go to www.stratasys.com, the Stratasys blog, Twitter, LinkedIn, or Fb. Stratasys reserves the ideal to use any of the foregoing social media platforms, which include the Company’s web sites, to share materials, non-public info pursuant to the SEC’s Regulation FD. To the extent necessary and mandated by applicable law, Stratasys will also contain these kinds of facts in its community disclosure filings.
Stratasys is a registered trademark and the Stratasys signet is a trademark of Stratasys Ltd. and/or its subsidiaries or affiliate marketers. All other logos are the house of their respective proprietors.
Cautionary Statements Regarding Forward-On the lookout Statements
This information launch is made up of “ahead-looking statements” inside the indicating of the Non-public Securities Litigation Reform Act of 1995, Area 27A of the Securities Act of 1933, and Area 21E of the Securities Trade Act of 1934. Ahead-hunting statements are usually characterised by the use of ahead-searching terminology such as “may possibly,” “will,” “expect,” “foresee,” “estimate,” “proceed,” “imagine,” “must,” “intend,” “task” or other very similar terms, but are not the only way these statements are determined. These forward-seeking statements may include things like, but are not constrained to, statements relating to our objectives, strategies and procedures, statements that consist of projections of final results of functions or of economic issue and all statements (other than statements of historic facts) that address actions, gatherings or developments that we intend, count on, task, think or anticipate will or may perhaps happen in the upcoming. Ahead-looking statements are not assures of future effectiveness and are subject matter to dangers and uncertainties. We have dependent these ahead-on the lookout statements on assumptions and assessments created by our management in gentle of their practical experience and their perception of historic tendencies, current situations, predicted long run developments and other variables they feel to be appropriate. For a discussion of some of the dangers and important things that could trigger true results, developments and organization choices to vary materially from people anticipated in these forward-searching statements, see the dialogue in Item 3.D “Critical Facts – Chance Factors”, Product 4 “Facts on the Corporation”, and Merchandise 5 “Running and Monetary Assessment and Prospective clients” in the Company’s Kind 20-F for the fiscal calendar year finished December 31, 2022.
Perspective supply variation on businesswire.com: https://www.businesswire.com/information/house/20230329005972/en/
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