Nano Dimension failed to acquire the remaining stake in Stratasys for $1.1bn.

Nano Dimension, a supplier of additively manufactured electronics, failed to acquire the remaining stake in Stratasys, a provider of polymer 3D printing solutions, for $1.1bn. Following the review, the Stratasys Board concluded that Nano’s proposal substantially undervalues the Company in light of its standalone prospects and is not in the best interests of Stratasys and its shareholders. On April 4, Stratasys confirmed that it received a revised unsolicited non-binding indicative proposal from Nano Dimension to acquire Stratasys for $20.05 per share in cash. “Due to the strength of our business and the significant upside potential of our pending merger with Desktop Metal, our Board’s position is clear: shareholders should reject Nano’s partial offer and ensure their voices are heard by delivering a Notice of Objection against the offer. We remain focused on acting in the best interests of Stratasys shareholders and completing our combination with Desktop Metal, despite Nano’s self-interested campaign led by a Board and management team whose legality and authority continue to be in question,” Dov Ofer, Stratasys Chairman.