Stratasys (SSYS) to Review Unsolicited Special Tender Offer From Nano Dimension (NNDM)

Stratasys Ltd. (Nasdaq: SSYS) (the “Company”), a leader in polymer 3D printing solutions, today confirmed that Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano”) has commenced an unsolicited special tender offer to acquire between 53% and 55% ownership of Stratasys’ outstanding ordinary shares for $18.00 per share in cash (the “Offer”).

Consistent with its fiduciary duties, and in consultation with its independent financial and legal advisors, the Stratasys Board of Directors will carefully review and evaluate the Offer to determine the course of action that it believes is in the best interests of the Company and Stratasys shareholders. Stratasys shareholders are advised to take no action at this time pending the Stratasys Board’s review and evaluation of the Offer.

Stratasys intends to advise shareholders of the Stratasys Board’s position regarding the Offer within ten business days by making available to shareholders a Solicitation/Recommendation Statement on Schedule 14D-9, to be filed with the U.S. Securities and Exchange Commission and published on Stratasys’ website at www.stratasys.com.

Earlier today, Stratasys announced it has entered into a definitive agreement with Desktop Metal, Inc. (NYSE: DM) (“Desktop Metal”) to combine in an all-stock transaction valued at approximately $1.8 billion. The transaction, which is expected to be completed in the fourth quarter of 2023, is subject to customary closing conditions, including the approval of Stratasys’ shareholders and Desktop Metal’s stockholders and the receipt of certain governmental and regulatory approvals.

J.P. Morgan is acting as financial advisor to Stratasys, and Meitar Law Offices and Wachtell, Lipton, Rosen & Katz are serving as legal counsel.

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