Shares of Minnesota-based Stratasys Ltd. shot up 7.7% in premarket trading Wednesday, after Israel-based Nano Dimension Ltd. said it increased its bid to buy...
Shares of Minnesota-based Stratasys Ltd.
shot up 7.7% in premarket trading Wednesday, after Israel-based Nano Dimension Ltd. said it increased its bid to buy the fellow 3D printer maker to $19.55 a share. Nano Dimension’s stock rose 2.3% in the premarket. The new bid, which represents a 38.6% premium to Tuesday’s closing price of $14.11, is up from the previous bid of $18 a share, which Stratasys disclosed on March 9, and subsequently rejected on March 22. Nano Dimension said under terms of the improved bid, it would buy the rest of the Stratasys shares it doesn’t already own for $1.2 billion. Back on March...
shot up 7.7% in premarket trading Wednesday, after Israel-based Nano Dimension Ltd. said it increased its bid to buy the fellow 3D printer maker to $19.55 a share. Nano Dimension’s stock rose 2.3% in the premarket. The new bid, which represents a 38.6% premium to Tuesday’s closing price of $14.11, is up from the previous bid of $18 a share, which Stratasys disclosed on March 9, and subsequently rejected on March 22. Nano Dimension said under terms of the improved bid, it would buy the rest of the Stratasys shares it doesn’t already own for $1.2 billion.
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