2023-03-22 06:32:17 ET
- The Board of Directors of Stratasys ( NASDAQ: SSYS ) has unanimously rejected the unsolicited proposal it received from Nano Dimension ( NASDAQ: NNDM ) to be taken over for $18.00 per share in cash .
- After evaluating the proposal, the company concluded that Nano's proposal undervalues Stratasys and is not in the best interests of shareholders.
- The management and Board of Stratasys are confident that the company's independent plan would far outperform the Nano proposal in terms of value creation for shareholders.
- Despite a difficult economic climate, Stratasys just reported its sixth straight quarter of profitability on an adjusted basis. is focused on executing its strategy and managing operations to achieve profitable growth.
- SSYS shares up 4.6% and NNDM down 0.8% in Wednesday's premarket hours.
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Stratasys Board rejects unsolicited proposal from Nano Dimension.