Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, March 17, 2023

Article Excerpt

STRATASYS LTD., $15.00, symbol SSYS on Nasdaq, is an Israel-based maker of 3D printers, software, and 3D-printed parts on demand. It has been involved in 3D printing for more than 30 years. 3D printing, or additive manufacturing, is a process of making three dimensional solid objects from a digital file. The creation of a 3D printed object is achieved using additive processes, which puts down successive layers of material until the object is created. Each of these layers can be seen as a thinly sliced cross-section of the object. 3D printing is the opposite of subtractive manufacturing, which is cutting out/hollowing out a piece of metal or plastic with, for instance, a milling machine. On March 9, 2023, Stratasys announced that it had received an unsolicited, non-binding offer from Nano Dimension Ltd. (symbol NNDM on Nasdaq) for $18 a share in cash. The company’s board is currently evaluating the bid. The offer values Stratasys at $1.1 billion. Nano Dimension is Stratasys’ largest shareholder…