Neutral Rating on Desktop Metal Amid Acquisition by Nano Dimension With Limited Upside Potential

TipRanksJul 8 05:15 ET

12 Information Technology Stocks Moving In Thursday's Pre-Market Session

GainersSMX (Security Matters) (NASDAQ:SMX) shares rose 23.6% to $0.14 during Thursday's pre-market session. The company's market cap stands at $5.7 million. Nano Dimension (NASDAQ:NNDM) shares moved u

BenzingaJul 4 08:05 ET

Nano Dimension (NNDM.US) plans to acquire Desktop Metal (DM.US) in an all-cash deal.

According to the Zhī tōng cái jīng APP, Nano Dimension (NNDM.US) announced on Wednesday that it will acquire Desktop Metal (DM.US) in an all-cash transaction at a price of $5.50 per share, which may be lowered to $4.07 per share. The completion of the transaction depends on certain closing conditions, including approval of Desktop Metal shareholders and required regulatory approvals. The transaction price is $5.50 per share, which represents a premium of 27.3% over the closing price of Desktop Metal and a premium of 20% over the 30-day VWAP as of July 2, 2024.

Zhitong FinanceJul 4 03:03 ET

Why Nano Dimension Stock Soared Today

Yahoo FinanceJul 3 18:33 ET

Nano Dimension Acquires Desktop Metal

TipRanksJul 3 17:50 ET

ALERT: Rowley Law PLLC Is Investigating Proposed Acquisition of Desktop Metal, Inc.

Rowley Law PLLC is investigating potential securities law violations by Desktop Metal, Inc. (NYSE: DM) and its board of directors concerning the...

PR NewswireJul 3 16:20 ET