Deals
Nano Dimension Surges After Top Shareholder Makes $995 Million Bid
- Shareholder offers to purchase company for $995 million
- Shares in company have fallen more than 60% in past year
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The top shareholder in Nano Dimension Ltd. has made a proposal to acquire the rest of the 3D printing company it doesn’t already own in a transaction that would value the company at roughly $995 million.
Murchinson Ltd. made the non-binding proposal in September to Nano Dimension’s board, according to a letter reviewed by Bloomberg. The firm, which said it owned more than 10 million shares in the company, proposed purchasing the rest of the company on Sept. 5 for $4 a share, a premium of 52% at the time and a 67% premium over where the shares closed Wednesday.