What’s Going On With Stratasys Stock Today

May 26, 2023 | blog

  • Stratasys, Ltd (NASDAQ: SSYS) inventory is buying and selling larger Thursday following Nano Dimension Ltd’s (NASDAQ: NNDM) unsolicited particular tender provide to amass between 53% and 55% possession of Stratasys.

  • Nano Dimension proposed to amass between 53% – 55% possession of Stratasys for $18.00 per share in money.

  • Nano Dimension’s all-cash particular tender provide represents a premium of 26% to Stratasys’ closing value of $14.26 as of March 3, 2023.

  • Nano Dimension has been making an attempt to woo Stratasys since no less than March 2023.

  • Earlier in the present day, Stratasys agreed to merge with Desktop Metal, Inc (NYSE: DM) in an all-stock transaction valued at roughly $1.8 billion.

  • Desktop Metal stockholders will obtain 0.123 unusual shares of Stratasys for every share of Desktop Metal Class A typical inventory.

  • The buy consideration implies a premium of seven.4% to Desktop Metal’s May 24 closing of $1.75.

  • The mixed firm will probably generate roughly $50 million in extra annual run-rate price synergies by 2025, focusing on 10%-12% adjusted EBITDA margins in 2025.

  • Stratasys shareholders will personal roughly 59% of the mixed firm, and legacy Desktop Metal stockholders will maintain about 41%.

  • Price Action: SSYS shares traded larger by 3.16% at $15.35 on the final verify Thursday.

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