On March 22, Polymer 3D printing solutions provider Stratasys, Ltd's (NASDAQ:SSYS) board unanimously rejected Nano Dimension Ltd's (NASDAQ:NNDM) takeover offer for $18.00 per share in cash.
- Following the review, the Stratasys board concluded that Nano's proposal substantially undervalues the company and is not in the best interests of Stratasys and its shareholders.
- Stratasys' board and management team are confident its standalone plan will create significantly greater value for its shareholders than the Nano proposal.
- Stratasys recently delivered its sixth consecutive quarter of profitability on an adjusted basis despite a challenging economic environment.
- In March, Stratasys reported a fourth-quarter FY22 revenue decline of 4.6% year-over-year to $159.26 million, beating the consensus estimate of $157.58 million.
- Adjusted EPS of 7 cents beat the consensus estimate of 3 cents.
- Stratasys shares have gained over 23% YTD, beating the broader index SPDR S&P 500 (NYSE:SPY), which gained 4.3%.
Price Action: SSYS shares traded higher by 3.36% at $15.08 at the last check Wednesday.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
