The battle between 3-D printing companies Nano Dimension Ltd. and Stratasys Ltd. entered a new phase on Thursday, with the former launching a tender offer for Stratasys just moments after the company unveiled a deal with Desktop Metal Inc.
Stratasys SSYS and Desktop Metal DM said they had agreed to combine in an all-stock deal valued at $1.8 billion. After the Stratasys board rejected that offer, Nano Dimension sweetened it to $20.05 a share, which the board said “continues to substantially undervalue Stratasys in light of its standalone prospects and is not in the best interests of Stratasys and its shareholders,” as Dow Jones Newswires reported at the time.
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