Nano Dimension Snaps Up Markforged In $115M Deal: Details

Benzinga09-26

Markforged Holding Corporation (NYSE:MKFG) and Nano Dimension Ltd. (NASDAQ:NNDM) shares jumped on Wednesday after the companies disclosed an acquisition deal. As per the deal, Nano Dimension will ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2470419291?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/Cx3U2AhBzkeeRKpuWlF74g--~B/aD01NzY7dz0xMDI0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/Benzinga/6329f79e3c39885005bc0417538bcf04","is_english":true,"pubTime":"2024-09-26 02:26","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2470419291","market":"us","top_or_hot":-1,"title":"Nano Dimension Snaps Up Markforged In $115M Deal: Details","media":"Benzinga","content":"<div>\n<p>Markforged Holding Corporation (NYSE:MKFG) and Nano Dimension Ltd. (NASDAQ:NNDM) shares jumped on Wednesday after the companies disclosed an acquisition deal.\nAs per the deal, Nano Dimension will ...</p>\n\n<a href=\"https://finance.yahoo.com/news/nano-dimension-snaps-markforged-115m-182653900.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nano Dimension Snaps Up Markforged In $115M Deal: Details</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNano Dimension Snaps Up Markforged In $115M Deal: Details\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-26 02:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/nano-dimension-snaps-markforged-115m-182653900.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Markforged Holding Corporation (NYSE:MKFG) and Nano Dimension Ltd. (NASDAQ:NNDM) shares jumped on Wednesday after the companies disclosed an acquisition deal.\nAs per the deal, Nano Dimension will ...</p>\n\n<a href=\"https://finance.yahoo.com/news/nano-dimension-snaps-markforged-115m-182653900.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4161","symbol_name":"工业机械","start_time":0,"source_url":"https://finance.yahoo.com/news/nano-dimension-snaps-markforged-115m-182653900.html","article_id":"2470419291","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/Cx3U2AhBzkeeRKpuWlF74g--~B/aD01NzY7dz0xMDI0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/Benzinga/6329f79e3c39885005bc0417538bcf04"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2470419291","pubTimestamp":1727288813,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Markforged Holding Corporation  and Nano Dimension Ltd.  shares jumped on Wednesday after the companies disclosed an acquisition deal.As per the deal, Nano Dimension will acquire all outstanding shares of Markforged in an all-cash deal at $5.00 per share. The aggregate total consideration payable to Markforged’s shareholders is$115 million.This represents a 71.8% premium to Markforged’s volume-weighted average price  on September 24, 2024, and a 67.8% premium to its 90-day VWAP as of the same date.Following the closing, the combined company, including both Desktop Metal and Markforged, is expected to have a strong balance sheet with total cash and cash equivalents, including marketable securities, projected at $475 million.Yoav Stern, Chief Executive Officer and member of the board of directors of Nano Dimension said, “Markforged is an exceptional company with innovative AM materials and solutions for true production. Their prowess is validated by their more than fifteen thousand insta","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4161":"工业机械","NNDM":"Nano Dimension Ltd.","BK4170":"电脑硬件、储存设备及电脑周边","MKFG":"Markforged Holding Corporation","BK4546":"3D打印"},"translate_title":"Nano Dimension以1.15亿美元收购Markforged：详情","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MKFG":1,"NNDM":1},"content_text":"Markforged Holding Corporation (NYSE:MKFG) and Nano Dimension Ltd. (NASDAQ:NNDM) shares jumped on Wednesday after the companies disclosed an acquisition deal.\nAs per the deal, Nano Dimension will acquire all outstanding shares of Markforged in an all-cash deal at $5.00 per share. The aggregate total consideration payable to Markforged’s shareholders is $115 million. \nThis represents a 71.8% premium to Markforged’s volume-weighted average price (VWAP) on September 24, 2024, and a 67.8% premium to its 90-day VWAP as of the same date.\nFollowing the closing, the combined company, including both Desktop Metal and Markforged, is expected to have a strong balance sheet with total cash and cash equivalents, including marketable securities, projected at $475 million.\nYoav Stern, Chief Executive Officer and member of the board of directors of Nano Dimension said, “Markforged is an exceptional company with innovative AM materials and solutions for true production. Their prowess is validated by their more than fifteen thousand installed and connected systems in the field with many leading names across key industry verticals.”\n”This is all the more substantial when we think about the anticipated closing of our deal with Desktop Metal. We believe the combination of Nano Dimension, Desktop Metal, and Markforged further strengthens our unique opportunity in creating value for our shareholders, customers, and employees as we work to deliver profitable growth, exceptional services, and notable career development opportunities.”\nRelated: Desktop Metal Sold! Nano Dimension Swoops In All-Cash Offer\nThe transaction, unanimously approved by the Boards of Directors of both companies, is expected to close in the first quarter of 2025, pending the satisfaction of customary closing conditions.\nNano Dimension intends to finance the deal using its cash on hand. As of June-end, Nano Dimension held $764 million in cash and equivalents.\nPrice Action: MKFG shares are up 70.3% at $4.65, and NNDM shares rose 7.69% at $2.38 at the last check Wednesday.\nImage via Shutterstock\nRead Next:\n\nPlayStation Plus October Lineup Revealed: WWE 2K24, Dead Space, More\n\nUp Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market.\nGet the latest stock analysis from Benzinga?\n\nThis article Nano Dimension Snaps Up Markforged In $115M Deal: Details originally appeared on Benzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.3","shortVersion":"4.28.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2470419291"}