![]() All other trademarks are the property of their respective owners. Stratasys is a registered trademark and the Stratasys signet is a trademark of Stratasys Ltd. To the extent necessary and mandated by applicable law, Stratasys will also include such information in its public disclosure filings. ![]() 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 learn more about Stratasys, visit the Stratasys blog, Twitter, LinkedIn, or Facebook. ![]() The world’s leading organizations turn to Stratasys to transform product design, bring agility to manufacturing and supply chains, and improve patient care. 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. 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. Morgan is acting as financial advisor to Stratasys, and Meitar Law Offices and Wachtell, Lipton, Rosen & Katz are serving as legal counsel. Stratasys shareholders are advised to take no action at this time pending the Stratasys Board’s review and evaluation of the Revised Offer. Stratasys notes that, according to Nano, only 8% of outstanding Stratasys shares were tendered into the offer as of 11:59 p.m., New York time, on June 26, 2023.Ĭonsistent 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 Revised Offer to determine the course of action that it believes is in the best interests of the Company and Stratasys shareholders. The Stratasys Board carefully reviewed and evaluated the partial tender offer, and concluded that it substantially undervalued the Company and was not in the best interests of Stratasys shareholders. Nano has also reduced the percentage of outstanding Stratasys ordinary shares being sought in the Revised Offer from between 38.8% and 40.8% to between 31.9% and 36.9%, and extended the offer period until 5:00 p.m., New York time, on July 24, 2023, unless further extended or earlier terminated.Īs previously announced on May 30, 2023, the Stratasys Board unanimously rejected Nano’s previous unsolicited partial tender offer to acquire between 38.8% and 40.8% ownership of Stratasys’ outstanding ordinary shares not already owned by Nano for $18.00 per share in cash. (Nasdaq: NNDM) ("Nano") has increased the offer price of its unsolicited partial tender offer to acquire Stratasys ordinary shares not already owned by Nano from $18.00 to $20.05 per share in cash (the "Revised Offer"). (Nasdaq: SSYS) ("Stratasys" or the "Company"), a leader in polymer 3D printing solutions, today confirmed that Nano Dimension Ltd. MINNEAPOLIS & REHOVOT, Israel, June 27, 2023-( BUSINESS WIRE)-Stratasys Ltd. Buyers produce demand for a given security or asset by entering bid orders to buy the security at a specified amount and price sellers create the supply for the security by entering ask orders, again for set amounts and prices. The over-the-counter securities market is one major example of a negotiated market.No Shareholder Action Required at This TimeĪccording to Nano, only 8% of Outstanding Stratasys Shares Tendered into Nano’s Offer Negotiated markets exist and function via the basic principle of supply and demand. Buyers produce demand for a given security or asset by entering bid orders to buy the security at a specified amount and price sellers create the supply for the security by entering ask orders, again for set amounts and prices.Ī negotiated market refers to the decentralized buying and selling of securities without one central market maker.Buyers and sellers actively negotiate on the price at which a transaction is finalized either directly or through the use of brokers.In a negotiated market, there are no market-makers or order matching.A negotiated market is a type of secondary market exchange in which the prices of each security are bargained out between buyers and sellers.
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