Nano Dimension Ltd. (NasdaqCM:NNDM) made a preliminary proposal to acquire remaining 88% stake in Stratasys Ltd. (NasdaqGS:SSYS) for $1 billion on December 23, 2023. Nano will purchase all the outstanding shares of Stratasys it does not currently own for $16.5 per share in cash, with an ability to increase its price subject to due diligence. The proposal is subject to the completion of a satisfactory confirmatory due diligence process and the negotiation and execution of a mutually satisfactory definitive acquisition agreement.

Stratasys shareholders do not need to take any action at this time with respect to Nano?s preliminary proposal. J.P. Morgan acted as exclusive financial advisor to Stratasys. Meitar Law Offices and Wachtell, Lipton, Rosen & Katz acted as legal counsels to Stratasys.