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HomeStratasys’ Combination with Desktop Metal
Shareholder Materials
Stratasys’ Combination with Desktop MetalNano’s Inadequate Tender Offer
FAQContact Us





STRATASYS’ BOARD URGES SHAREHOLDERS TO REJECT NANO DIMENSION’S INADEQUATE
PARTIAL TENDER OFFER




NANO’S PARTIAL TENDER OFFER SUBSTANTIALLY UNDERVALUES STRATASYS

On May 25, 2023, Nano launched an unsolicited partial tender offer for $18.00
per share in cash, in an attempt to increase its ownership to 53% to 55% of
Stratasys’ ordinary shares. The Stratasys Board unanimously determined that the
partial tender offer substantially undervalues Stratasys and is not in the best
interest of Stratasys’ shareholders. In addition, the Board believes Nano’s
partial offer is of questionable legal authority, poses significant risks to
Stratasys and its shareholders, and is highly conditional.

Stratasys Board of Directors Unanimously Rejects Nano Dimension's Partial Tender
Offer. We urge shareholders to read the Schedule 14D-9 carefully and in its
entirety so you will be fully informed as to your Board's recommendation.
Notice of ObjectionSCHEDULE 14D-9Press ReleasePresentation




SUMMARY OF NANO BID RECEIVED


SPECIAL TENDER OFFER

 * On May 25, 2023, Nano launched a partial tender offer of $18.00
 * This partial tender offer is ~10% below its most recent bid to shareholders
   and reflects 1.5x '23E EV / revenue multiple
 * Nano is seeking to acquire at least 53% ownership through this tender offer
 * The partial tender offer is coercive because shareholders who do not tender
   would end up as a minority shareholder in a company controlled by Nano with
   the risk of being treated poorly

Source: Factset as of 05/24/2023, Company filings
1Based on unaffected Stratasys price of $14.01 as of 03/09/2023; 2 Nano made the
offer public on 03/09/2023; 3 Assumes 70.6mm diluted shares outstanding; 4 Firm
value includes $142mm of long-term investments, $282mm of cash & cash
equivalents, and $30mm of contingent consideration with $6mm related to Covestro
acquisition (per management guidance)


HOW TO DELIVER A NOTICE OF OBJECTION


PROTECT YOUR INVESTMENT

To deliver a Notice of Objection, CONTACT YOUR BROKER and follow the
instructions provided in the mailing or email you received and instruct them to
deliver a Notice of Objection on your behalf.

Remember to check your inbox and spam folder frequently for communication from
your broker.

Just to refrain from tendering shares is simply not enough. Not taking any
action is not sufficient to express opposition to the partial tender offer and
could lead to Nano acquiring a controlling interest in Stratasys.

If you are a Stratasys shareholder and have not tendered any of your Stratasys
ordinary shares, you can still tender your shares within the four-day mandatory
offering period if the conditions to the tender offer become satisfied.

For assistance delivering a Notice of Objection or withdrawing your Stratasys
ordinary shares, please contact your broker or Stratasys’ information agent:

Morrow Sodali LLC
509 Madison Avenue, 12th Floor
New York, NY 10022

Call toll-free (800) 662-5200 or (203) 658-9400

Email: SSYS@info.morrowsodali.com




YOUR PARTICIPATION IS IMPORTANT

Stratasys shareholders are urged to deliver a Notice of Objection to reject
Nano's partial tender offer in addition to not tendering any shares in the
offer.

Just to refrain from tendering shares is simply not enough.

Not taking any action is not sufficient to express opposition to the partial
tender offer and could lead to Nano acquiring a controlling interest in
Stratasys.




STRATASYS


INVESTOR RELATIONS

Yonah Lloyd
CCO / VP Investor Relations
Yonah.Lloyd@stratasys.com


U.S. MEDIA

Ed Trissel / Joseph Sala / Kara Brickman
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449


ISRAEL MEDIA

Rosa Coblens
VP Sustainability, Public Relations IL & Global Internal Communications
‍Rosa.Coblens@stratasys.com

Yael Arnon
Scherf Communications
‍yaela@scherfcom.com‍
+972527202703


DESKTOP METAL


INVESTOR RELATIONS

Jay Gentzkow
jaygentzkow@desktopmetal.com
‍(781) 730-2110


MEDIA RELATIONS

Sarah Webster
sarahwebster@desktopmetal.com
‍(313) 715-6988