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Stratasys gains 12% on takeover proposal from Nano Dimensions
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Stratasys (NASDAQ:SSYS) surged 12% following the confirmation of an unsolicited takeover offer from Nano Dimensions (NNDM).
The cash deal values Stratasys at approximately $1.1 billion.
The confirmed offer from Nano Dimensions proposes acquiring all outstanding shares of the 3D printing company that it does not currently own, with a cash offer of $16.5 per share.
Stratasys' Board of Directors, with guidance from independent financial and legal advisors, began exploring strategic alternatives for the company earlier this year.
“The Stratasys Board will carefully review and consider Nano’s unsolicited preliminary proposal as part of this process,” the company said.
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