Stratasys Confirms Receipt of Unsolicited Acquisition Proposal From Nano Dimension

Rhea-AI Summary

Stratasys has received an unsolicited non-binding indicative offer from Nano Dimension to acquire the company for $18.00 per share in cash. The Stratasys Board, adhering to fiduciary duties, will review the proposal with independent financial and legal advisors to determine the best course of action for shareholders. Shareholders are advised to take no action at this time. Stratasys is noted for leading the additive manufacturing sector with innovative 3D printing solutions across various industries including aerospace and healthcare.

Positive

• Received a non-binding indicative offer of $18.00 per share from Nano Dimension.
• The acquisition proposal presents potential strategic benefits.

Negative

• The offer is unsolicited, indicating potential uncertainty.
• The proposed acquisition could lead to integration challenges.

Advises Shareholders to Take No Action at This Time

MINNEAPOLIS & REHOVOT, Israel--(BUSINESS WIRE)-- Stratasys Ltd. (Nasdaq: SSYS) (the “Company”), a leader in polymer 3D printing solutions, today confirmed that it has received an unsolicited non-binding indicative offer from Nano Dimension Ltd. (Nasdaq: NNDM) to acquire Stratasys for $18.00 per share in cash.

Consistent with its fiduciary duties, and in consultation with its independent financial and legal advisors, the Stratasys Board of Directors will carefully review and evaluate the proposal to determine the course of action that it believes is in the best interests of the Company and Stratasys shareholders.

Stratasys shareholders do not need to take any action at this time.

About Stratasys

Stratasys is leading the global shift to additive manufacturing with innovative 3D printing solutions for industries such as aerospace, automotive, consumer products, healthcare, fashion and education. Through smart and connected 3D printers, polymer materials, a software ecosystem, and parts on demand, Stratasys solutions deliver competitive advantages at every stage in the product value chain. The world’s leading organizations turn to Stratasys to transform product design, bring agility to manufacturing and supply chains, and improve patient care.

To learn more about Stratasys, visit www.stratasys.com, the Stratasys blog, Twitter, LinkedIn, or Facebook. Stratasys reserves the right to utilize any of the foregoing social media platforms, including the Company’s websites, to share material, non-public information pursuant to the SEC’s Regulation FD. To the extent necessary and mandated by applicable law, Stratasys will also include such information in its public disclosure filings.

Stratasys is a registered trademark and the Stratasys signet is a trademark of Stratasys Ltd. and/or its subsidiaries or affiliates. All other trademarks are the property of their respective owners.

Cautionary Statements Regarding Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are often characterized by the use of forward-looking terminology such as “may,” “will,” “expect,” “anticipate,” “estimate,” “continue,” “believe,” “should,” “intend,” “project” or other similar words, but are not the only way these statements are identified. These forward-looking statements may include, but are not limited to, statements relating to our objectives, plans and strategies, statements that contain projections of results of operations or of financial condition and all statements (other than statements of historical facts) that address activities, events or developments that we intend, expect, project, believe or anticipate will or may occur in the future. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. We have based these forward-looking statements on assumptions and assessments made by our management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. For a discussion of some of the risks and important factors that could cause actual results, developments and business decisions to differ materially from those anticipated in these forward-looking statements, see the discussion in Item 3.D “Key Information - Risk Factors”, Item 4 “Information on the Company”, and Item 5 “Operating and Financial Review and Prospects” in the Company’s Form 20-F for the fiscal year ended December 31, 2022.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230309005836/en/

Investor Relations

Yonah Lloyd

CCO / VP Investor Relations

Yonah.Lloyd@stratasys.com

U.S. Media

Ed Trissel / Joseph Sala / Kara Brickman

Joele Frank, Wilkinson Brimmer Katcher

(212) 355-4449

OR

Israel Media

Motti Scherf

motti@scherfcom.com

+972527202700

Source: Stratasys Ltd.

FAQ

What did Nano Dimension offer to acquire Stratasys?

Nano Dimension offered $18.00 per share in cash to acquire Stratasys.

What should Stratasys shareholders do regarding the acquisition proposal?

Stratasys shareholders are advised to take no action at this time.

What is the significance of the acquisition proposal from Nano Dimension?

The acquisition proposal from Nano Dimension represents a potential strategic opportunity for Stratasys.

When was the acquisition offer made to Stratasys?

The acquisition offer was confirmed in the press release dated March 9, 2023.

What are the implications of the acquisition offer for SSYS and NNDM shareholders?

The implications could involve changes in stock valuation and operational strategies depending on the outcome of the acquisition review.