Is Stratasys' Deal for Desktop Metal Bad News for Investors?
Something strange is stirring at Stratasys (NASDAQ: SSYS) -- and it's coming to a boil.
Roughly three months ago, its smaller competitor in the field of 3D printing, Nano Dimension (NASDAQ: NNDM), made an offer to acquire the roughly 86% of Stratasys' shares that it did not already own, at $18 per share. Two weeks later, Stratasys' board of directors rejected this offer, prompting Nano to raise its bid -- first to $19.55 per share, then a week later to $20.05.
These offers were also rejected, so Nano launched a hostile takeover bid, presenting Stratasys' shareholders with the original offer of $18, hoping enough shares were tendered to give Nano a 53% controlling stake.
Source Fool.com
