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Desktop Metal (DM) has provided an announcement.
Desktop Metal, Inc. has entered into a definitive merger agreement with Nano Dimension Ltd., whereupon Desktop Metal will become a wholly owned subsidiary of Nano. Stockholders of Desktop Metal will receive $5.50 per share in cash, subject to certain adjustments. The merger is contingent on shareholder approval and regulatory clearances, with Desktop Metal’s stock to be delisted from the NYSE upon completion. Key stakeholders have executed voting agreements in support of the merger, reinforcing the strategic move to combine the companies’ strengths and market positions.
For a thorough assessment of DM stock, go to TipRanks’ Stock Analysis page.
