{"id":741793,"date":"2023-03-22T06:03:25","date_gmt":"2023-03-22T10:03:25","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/stratasys-board-of-directors-unanimously-rejects-unsolicited-proposal-from-nano-dimension\/"},"modified":"2023-03-22T06:03:25","modified_gmt":"2023-03-22T10:03:25","slug":"stratasys-board-of-directors-unanimously-rejects-unsolicited-proposal-from-nano-dimension","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/stratasys-board-of-directors-unanimously-rejects-unsolicited-proposal-from-nano-dimension\/","title":{"rendered":"Stratasys Board of Directors Unanimously Rejects Unsolicited Proposal from Nano Dimension"},"content":{"rendered":"

<\/p>\n

Stratasys Board of Directors Unanimously Rejects Unsolicited Proposal from Nano Dimension<\/b><\/p>\n

Proposal Substantially Undervalues Stratasys in Light of the Company’s Standalone Prospects and Is Not in the Best Interests of Stratasys Shareholders<\/i><\/p>\n

MINNEAPOLIS & REHOVOT, Israel–(BUSINESS WIRE<\/a>)–
\nStratasys Ltd. (Nasdaq: SSYS) (the \u201cCompany\u201d), a leader in polymer 3D printing solutions, today announced that its Board of Directors has unanimously rejected the unsolicited proposal it received from Nano Dimension Ltd. (Nasdaq: NNDM) (\u201cNano\u201d) to acquire Stratasys for $18.00 per share in cash.\n<\/p>\n

\nConsistent with its fiduciary duties, and in consultation with its independent financial and legal advisors, the Stratasys Board of Directors carefully reviewed and evaluated the proposal. Following the review, the Stratasys Board concluded that Nano\u2019s proposal substantially undervalues the Company in light of its standalone prospects and is not in the best interests of Stratasys and its shareholders.\n<\/p>\n

\nStratasys\u2019 Board and management team are confident that the Company\u2019s standalone plan will create significantly greater value for its shareholders than the Nano proposal. Stratasys recently delivered its sixth consecutive quarter of profitability on an adjusted basis despite a challenging economic environment, and the Company remains laser focused on executing its strategy and managing its operations to effectively deliver sustained, profitable growth.\n<\/p>\n

\nJ.P. Morgan is acting as financial advisor to Stratasys, and Meitar Law Offices and Wachtell, Lipton, Rosen & Katz are serving as legal counsel.\n<\/p>\n

About Stratasys<\/b><\/p>\n

\nStratasys 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\u2019s leading organizations turn to Stratasys to transform product design, bring agility to manufacturing and supply chains, and improve patient care.\n<\/p>\n

\nTo learn more about Stratasys, visit www.stratasys.com<\/a>, the Stratasys blog<\/a>, Twitter<\/a>, LinkedIn<\/a>, or Facebook<\/a>. Stratasys reserves the right to utilize any of the foregoing social media platforms, including the Company\u2019s websites, to share material, non-public information pursuant to the SEC\u2019s Regulation FD. To the extent necessary and mandated by applicable law, Stratasys will also include such information in its public disclosure filings.\n<\/p>\n

\nStratasys 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.\n<\/p>\n

Cautionary Statements Regarding Forward-Looking Statements<\/b><\/p>\n

\nThis news release contains \u201cforward-looking statements\u201d 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 \u201cmay,\u201d \u201cwill,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cestimate,\u201d \u201ccontinue,\u201d \u201cbelieve,\u201d \u201cshould,\u201d \u201cintend,\u201d \u201cproject\u201d 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 \u201cKey Information – Risk Factors\u201d, Item 4 \u201cInformation on the Company\u201d, and Item 5 \u201cOperating and Financial Review and Prospects\u201d in the Company\u2019s Form 20-F for the fiscal year ended December 31, 2022.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230322005279\/en\/<\/a><\/span><\/p>\n

Investor Relations
\n<\/b>
Yonah Lloyd
\n
CCO \/ VP Investor Relations
\n
Yonah.Lloyd@stratasys.com<\/a><\/p>\n

U.S. Media
\n<\/b>
Ed Trissel \/ Joseph Sala \/ Kara Brickman
\n
Joele Frank, Wilkinson Brimmer Katcher
\n
(212) 355-4449\n<\/p>\n

\nOR\n<\/p>\n

Israel Media
\n<\/b>
Motti Scherf
\n
motti@scherfcom.com
\n<\/a>
+972527202700\n<\/p>\n

KEYWORDS:<\/b> United States North America Israel Middle East Minnesota<\/p>\n

INDUSTRY KEYWORDS:<\/b> Other Manufacturing Technology Engineering Chemicals\/Plastics Automotive Manufacturing Manufacturing Software Hardware Electronic Design Automation<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Stratasys Board of Directors Unanimously Rejects Unsolicited Proposal from Nano Dimension Proposal Substantially Undervalues Stratasys in Light of the Company’s Standalone Prospects and Is Not in the Best Interests of Stratasys Shareholders MINNEAPOLIS & REHOVOT, Israel–(BUSINESS WIRE)– Stratasys Ltd. (Nasdaq: SSYS) (the \u201cCompany\u201d), a leader in polymer 3D printing solutions, today announced that its Board of Directors has unanimously rejected the unsolicited proposal it received from Nano Dimension Ltd. (Nasdaq: NNDM) (\u201cNano\u201d) 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 carefully reviewed and evaluated the proposal. Following the review, the Stratasys Board concluded that Nano\u2019s proposal substantially undervalues the … <\/p>\n

Continue reading “Stratasys Board of Directors Unanimously Rejects Unsolicited Proposal from Nano Dimension”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-741793","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nStratasys Board of Directors Unanimously Rejects Unsolicited Proposal from Nano Dimension - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/stratasys-board-of-directors-unanimously-rejects-unsolicited-proposal-from-nano-dimension\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stratasys Board of Directors Unanimously Rejects Unsolicited Proposal from Nano Dimension - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Stratasys Board of Directors Unanimously Rejects Unsolicited Proposal from Nano Dimension Proposal Substantially Undervalues Stratasys in Light of the Company’s Standalone Prospects and Is Not in the Best Interests of Stratasys Shareholders MINNEAPOLIS & REHOVOT, Israel–(BUSINESS WIRE)– Stratasys Ltd. (Nasdaq: SSYS) (the \u201cCompany\u201d), a leader in polymer 3D printing solutions, today announced that its Board of Directors has unanimously rejected the unsolicited proposal it received from Nano Dimension Ltd. (Nasdaq: NNDM) (\u201cNano\u201d) 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 carefully reviewed and evaluated the proposal. 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