Nano Dimension continues its fruitless takeover of Stratasys…

Last week, we reported on Stratasys’ merger with Desktop Metal, while Israel’s Nano Dimension, which has been trying to acquire the first company for several months, continues its fruitless (and increasingly embarrassing) attempts, increasing the rate by one dollar each time action. The company maintains that Stratasys’ current leadership is not living up to its full potential and says it could change that. The day after the announcement of the merger deal, Stratasys management once again rejected the latest Nano Dimension proposal, except that the company’s president – Yoav Stern does not stop trying to “make it more attractive” …

Prior to the announcement of the merger, Nano Dimension proposed to use all of its cash to acquire 100% of Stratasys (which was rejected). Recently, however, Nano Dimension decided to make another offer, this time proposing to acquire a 53-55% stake in Stratasys, thanks to which it would have to invest much less money.

Even though Yoav Stern is proposing a minority stake, it would still give Nano Dimension control of Stratasys, as the company would own approximately 70% of the shares if the deal goes through. By the way, Stern would probably restructure Stratasys, which is in line with his earlier announcements, which he publishes in a series of maniacal videos posted on YouTube.

Unfortunately, the latter offer turns out to be irrelevant in the face of the ultimate combination of Stratasys and Desktop Metal. When it formally takes place, a new, incomparably larger organization will be created, which will dominate an important segment of the 3D printing market. As talks between Desktop Metal and Stratasys have been going on for a year now, it becomes even more clear why Nano Dimension’s offers have been rejected each time.

Knowing the previous acts of this strange spectacle, it doesn’t seem like Yoav Stern is about to say his last word, and it’s only a matter of time before he returns with another “offer you can’t refuse.”

This week, one of the best series in the history of television had its grand finale – “Succession”, describing the struggles of the three Roy siblings in attempts to take power over one of the largest media concerns in the world from their father – the founder of the company, Logan Roy. Although the presented story was completely fictional, and the subsequent intrigues and tricks of Kendall, Siobhan and Roman, effectively pacified by their father, it was all incomparably more realistic, sensible and justified than what Yoav Stern has been trying to achieve for several months. If what you are trying to achieve in real life is incomparably more banal and clumsy than the stories shown in a fictional TV series, it is probably a sign that it is being done really badly and probably not quite suitable for it…

Source: www.stratasys.com