Reaffirms Board’s Review of Strategic Alternatives to Maximize Shareholder Value
MINNEAPOLIS & REHOVOT, Israel–(BUSINESS WIRE)– Stratasys Ltd. (Nasdaq: SSYS) (“Stratasys” or the “Company”), a leader in polymer 3D printing solutions, today confirmed that it has received a preliminary proposal from Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano”) to purchase all the outstanding shares of Stratasys it does not currently own for $16.50 per share in cash.
As previously announced on September 28, 2023, the Stratasys Board of Directors, in consultation with its independent financial and legal advisors, initiated a process to explore strategic alternatives for the Company. The Stratasys Board will carefully review and consider Nano’s unsolicited preliminary proposal as part of this process.
There can be no assurance that the Company’s strategic review process will result in any transaction or other strategic outcome. Stratasys does not intend to disclose further developments on this strategic review process unless and until it determines that such disclosure is appropriate or necessary.
Stratasys shareholders do not need to take any action at this time with respect to Nano’s preliminary proposal.
J.P. Morgan is acting as exclusive financial advisor to Stratasys, and Meitar Law Offices and Wachtell, Lipton, Rosen & Katz are serving as legal counsel.
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