ISS Endorses Nano Dimension's Strategic Move for Desktop Metal
ISS Supports Nano Dimension's Acquisition of Desktop Metal
Institutional Shareholder Services (ISS) has recently voiced its support for the acquisition agreement between Nano Dimension Ltd. and Desktop Metal, Inc. This merger has been heralded as a significant step towards advancing the additive manufacturing sector.
Key Insights from ISS
In their assessment, ISS described the merger agreement as likely the best opportunity currently available to Desktop Metal's shareholders. They emphasized that shareholders would benefit from a substantial premium and noted that the cash consideration proposed offers immediate value and liquidity. The regulatory expert stated, "The implied valuation appears fair" and highlighted the importance of supporting the transaction.
Deadlines for Voting
It is crucial for Desktop Metal shareholders to cast their votes by no later than 11:59 PM ET on the stipulated deadline. Shareholders typically have received information directly from their brokers on how to participate in the voting process, which can be done online.
Market Reactions and Future Outlook
Following the announcement, the stock price of Nano Dimension surged by over 16%, reflecting investor confidence in the deal's potential. This level of market reaction indicates a perceived positive outcome, underpinning the merger's strategic benefits to both companies.
The Importance of Shareholder Engagement
Ric Fulop, the CEO of Desktop Metal, conveyed the team's eagerness for shareholders to support the merger, emphasizing its potential to enhance the value for shareholders during a critical moment in the Additive Manufacturing industry. He mentioned this transition as not just a business necessity but as a revolutionary step in manufacturing.
Nano Dimension's Vision and Strategy
Nano Dimension’s overarching goal is to innovate electronic and mechanical manufacturing, embracing Industry 4.0 principles. The company aspires to deliver cutting-edge solutions that transform digital designs into tangible products, thereby fostering a significant shift in how manufacturing operates.
Comprehensive Approach to Manufacturing
Through the utilization of deep learning and artificial intelligence, Nano Dimension is continuously improving its manufacturing processes, ensuring efficiency and sustainability. The company currently has an impressive portfolio of clients, spanning 2,000 customers across diverse industries including aerospace, defense, and advanced automotive sectors.
Innovations by Desktop Metal
Desktop Metal stands at the forefront of the next generation of manufacturing, often referred to as Additive Manufacturing 2.0. The company specializes in producing advanced 3D printers that cater to a wide array of materials, significantly enhancing production capabilities and reducing waste.
The Role of Additive Manufacturing
The technologies developed by Desktop Metal allow companies to realize design flexibility and achieve high precision in production. Their solutions not only streamline manufacturing processes but also facilitate the creation of innovative designs that tackle complex challenges in various industries.
Looking Ahead
With the merger on the horizon, both companies are poised to reap the rewards of combined capabilities and market influence. The acquisition presents an opportune moment for stakeholders to align with a progressive vision that caters to evolving manufacturing demands.
Key Contacts for Further Information
For any inquiries related to this acquisition or details about Nano Dimension's operations, stakeholders can reach out via the Investor relations at ir@nano-di.com or contact the Media team at NanoDimension@fgsglobal.com.
Frequently Asked Questions
1. What is the significance of ISS's support?
ISS's endorsement reinforces the strategic value of the merger, indicating that it is aligned with shareholder interests.
2. When is the voting deadline for shareholders?
The deadline for Desktop Metal shareholders to vote on the merger is 11:59 PM ET on the designated date.
3. How does this merger impact the Additive Manufacturing industry?
This merger is expected to enhance innovation and efficiency in the Additive Manufacturing sector, driving future growth.
4. What are the anticipated benefits for shareholders?
Shareholders can expect a premium on their shares and increased liquidity as a result of this merger.
5. Can Nano Dimension shareholders weigh in on this merger?
No, only Desktop Metal shareholders need to approve the merger; Nano Dimension shareholders do not have voting rights in this context.
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