Shareholders to Vote on Merger Recommendation from Proxy Advisory Firm

  • Nano Dimension and Desktop Metal announce ISS recommendation for merger approval
  • ISS suggests the offer is likely the best available at this time
  • Shareholders to receive a premium and immediate value
  • Merger could be worth between $135 million and $183 million

Nano Dimension, a 3D printing company, and Desktop Metal, a metal 3D printing manufacturer, have announced that the proxy advisory firm Institutional Shareholder Services (ISS) recommends their shareholders vote in favor of their merger. ISS stated that the sales process suggests the offer is likely the best available at this time, shareholders will receive a premium and immediate value, and the implied valuation appears fair. The merger, initially valued between $135 million and $183 million, will be financed by Nano Dimension using cash on hand. Desktop Metal previously agreed to merge with 3D printing company Stratasys but the deal fell apart last year due to competing buyout offers from Nano Dimension and rival 3D Systems.

Factuality Level: 8
Factuality Justification: The article provides accurate information about the recommendation from Institutional Shareholder Services for the merger between Nano Dimension and Desktop Metal, and gives details on the deal’s value range and previous merger attempts.
Noise Level: 4
Noise Justification: The article provides relevant information about the merger recommendation by Institutional Shareholder Services for Nano Dimension and Desktop Metal’s shareholders but lacks in-depth analysis or exploration of long-term trends or consequences. It also does not offer actionable insights or new knowledge.
Public Companies: Nano Dimension (NNDM), Desktop Metal (DM), Stratasys (SSYS), 3D Systems (DDD)
Key People:

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Financial Relevance: Yes
Financial Markets Impacted: The merger between Nano Dimension and Desktop Metal
Financial Rating Justification: This article discusses a merger between two companies in the 3D printing industry, which is relevant to financial topics as it involves business transactions and could potentially impact their respective stock prices and market values.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.
Deal Size: 183000000
Move Size: No market move size mentioned.
Sector: Technology
Direction: Up
Magnitude: Medium
Affected Instruments: Stocks

Reported publicly: www.marketwatch.com