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