0001213900-23-054876.txt : 20230705 0001213900-23-054876.hdr.sgml : 20230705 20230705173102 ACCESSION NUMBER: 0001213900-23-054876 CONFORMED SUBMISSION TYPE: SC TO-T/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20230705 DATE AS OF CHANGE: 20230705 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: STRATASYS LTD. CENTRAL INDEX KEY: 0001517396 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] IRS NUMBER: 000000000 STATE OF INCORPORATION: L3 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-T/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-87285 FILM NUMBER: 231070868 BUSINESS ADDRESS: STREET 1: 7665 COMMERCE WAY CITY: EDEN PRAIRIE STATE: MN ZIP: 55344 BUSINESS PHONE: 972-8-931-4314 MAIL ADDRESS: STREET 1: 2 Holtzman Street STREET 2: Science Park, P.O. Box 2496 CITY: Rehovot STATE: l3 ZIP: 76124 FORMER COMPANY: FORMER CONFORMED NAME: OBJET LTD DATE OF NAME CHANGE: 20111118 FORMER COMPANY: FORMER CONFORMED NAME: OBJET GEOMETRIES LTD DATE OF NAME CHANGE: 20110405 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Nano Dimension Ltd. CENTRAL INDEX KEY: 0001643303 STANDARD INDUSTRIAL CLASSIFICATION: PRINTED CIRCUIT BOARDS [3672] IRS NUMBER: 520029109 STATE OF INCORPORATION: L3 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-T/A BUSINESS ADDRESS: STREET 1: 2 ILAN RAMON CITY: NESS ZIONA STATE: L3 ZIP: 7403635 BUSINESS PHONE: 00-972-73-7509142 MAIL ADDRESS: STREET 1: 2 ILAN RAMON CITY: NESS ZIONA STATE: L3 ZIP: 7403635 SC TO-T/A 1 sctota9_nanodimen.htm AMENDMENT TO SC TO-T

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

_____________________________________

SCHEDULE TO

(Amendment No. 9)

Tender Offer Statement under
Section 14(d)(1) or 13(e)(1) of the Securities Exchange Act of 1934

_____________________________________

STRATASYS LTD.
(Name of Subject Company (Issuer))

NANO DIMENSION LTD.
(Name of Filing Person (Offeror))
_____________________________________

Ordinary Shares, par value NIS 0.01 per share
(Title of Class of Securities)

M85548101
(CUSIP Number of Class of Securities)

Yael Sandler
Chief Financial Officer
Nano Dimension Ltd.
2 Ilan Ramon, Ness Ziona
7403635, Israel
Telephone: +972
-73-7509142
(Name, address and telephone numbers of person authorized to receive
notices and communications on behalf of filing persons)

_____________________________________

With copies to:

Oded Har-Even, Esq.
Howard Berkenblit, Esq.
Angela Gomes, Esq.
Eric Victorson, Esq.
Sullivan & Worcester LLP
1633 Broadway
New York, NY 10019
Telephone: (212) 660
-3000

 

Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.

Check the appropriate boxes below to designate any transaction to which the statement relates:

 

third-party tender offer subject to Rule 14d-1

 

issuer tender offer subject to Rule 13e-4

 

going-private transaction subject to Rule 13e-3

 

amendment to Schedule 13D under Rule 13d-2

Check the following box if the filing is a final amendment reporting the results of the tender offer:

If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon:

 

Rule 13e-4(i) (Cross-Border Issuer Tender Offer)

 

Rule 14d-1(d) (Cross-Border Third-Party Tender Offer)

 

This Amendment No. 9 (this “Amendment No. 9”) amends and supplements the Tender Offer Statement on Schedule TO (as amended and together with any subsequent amendments and supplements thereto, the “Schedule TO”) filed by Nano Dimension Ltd., a company organized under the laws of the State of Israel (“Nano”), with the U.S. Securities and Exchange Commission (the “SEC”) on May 25, 2023, as subsequently amended. The Schedule TO relates to the offer (the “offer”) by Nano to purchase up to 25,266,458 of the outstanding ordinary shares, NIS 0.01 par value per share, of Stratasys Ltd. (“Stratasys” and “Stratasys Shares,” respectively), not already owned by Nano, such that Nano would own up to and no more than 51% of the outstanding Stratasys Shares upon consummation of the offer, with a minimum condition of owning at least 46% of the outstanding Stratasys Shares upon consummation of the offer, but in any event no less than 5% of the outstanding Stratasys Shares are tendered in the offer, at the price of $20.05 per Stratasys Share, to the seller in cash, less any required withholding taxes and without interest, upon the terms and subject to the conditions set forth in the Offer to Purchase, dated May 25, 2023 (the “Original Offer to Purchase”), as further amended and supplemented by the Supplement to Offer to Purchase, dated June 27, 2023 (the “Supplement” and, together with the Original Offer to Purchase, the “Offer to Purchase”), and in the related Amended Letter of Transmittal, dated June 27, 2023.

Except as otherwise set forth in this Amendment No. 9, the information set forth in the Schedule TO remains unchanged and is incorporated herein by reference in response to all of the items of the Schedule TO and is amended and supplemented by the information specifically provided herein. Capitalized terms used but not defined herein have the meanings ascribed to them in the Schedule TO. You should read this Amendment No. 9 together with the Schedule TO and the Offer to Purchase.

ITEM 12. EXHIBITS.

Item 12 of the Schedule TO is hereby amended and supplemented by adding the following exhibits:

NO.

 

DESCRIPTION

(a)(5)(Y)

 

Nano response to analyst report, dated July 5, 2023.

1

SIGNATURE

After due inquiry and to the best of the knowledge and belief of the undersigned, the undersigned certify that the information set forth in this statement is true, complete and correct.

 

NANO DIMENSION LTD.

   

By:

 

/s/ Yael Sandler

   

Name:

 

Yael Sandler

   

Title:

 

Chief Financial Officer

Dated: July 5, 2023

2

EXHIBIT INDEX

NO.

 

DESCRIPTION

(a)(1)(A)*

 

Offer to Purchase dated May 25, 2023.

(a)(1)(B)*

 

Letter of Transmittal.

(a)(1)(C)*

 

Form of Notice of Guaranteed Delivery.

(a)(1)(D)*

 

Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees.

(a)(1)(E)*

 

Letter to Clients for use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees.

(a)(1)(F)*

 

Notice of Objection.

(a)(1)(G)***

 

Declaration Form (“Declaration of Status for Israeli Income Tax Purposes”).

(a)(1)(H)*

 

Summary Advertisement as published in the New York Times on May 25, 2023.

(a)(1)(I)*

 

Supplement to Offer to Purchase, dated June 27, 2023.

(a)(1)(J)*

 

Amended Letter of Transmittal.

(a)(1)(K)*

 

Amended Form of Notice of Guaranteed Delivery.

(1)(1)(L)*

 

Amended Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees.

(a)(1)(M)*

 

Amended Letter to Clients for Use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees.

(a)(1)(N)*

 

Amended Notice of Objection.

(a)(5)(A)*

 

Press Release issued by Nano on May 25, 2023.

(a)(5)(B)*

 

Investor Presentation by Nano, dated May 25, 2023.

(a)(5)(C)*

 

Press Release issued by Nano on May 30, 2023.

(a)(5)(D)*

 

Investor Presentation by Nano, dated May 30, 2023.

(a)(5)(E)*

 

Transcript of conference call held by Nano on May 30, 2023.

(a)(5)(F)*

 

Press Release issued by Nano on June 8, 2023.

(a)(5)(G)*

 

Investor Presentation by Nano, dated June 8, 2023.

(a)(5)(H)*

 

Form of E-mail sent by Nano to certain Stratasys shareholders on June 8, 2023.

(a)(5)(I)*

 

Special Tender Offer Information Website, launched by Nano, as amended on June 29, 2023.

(a)(5)(J)*

 

Press Release issued by Nano on June 13, 2023.

(a)(5)(K)*

 

Form of E-mail sent by Nano to certain Stratasys shareholders on June 13, 2023.

(a)(5)(L)*

 

Digital Advertising Campaign, launched by Nano, on June 13, 2023.

(a)(5)(M)*

 

Digital Advertising Campaign, continued by Nano, on June 14, 2023.

(a)(5)(N)*

 

Press Release issued by Nano on June 15, 2023.

(a)(5)(O)*

 

Transcript of Video Message to Stratasys Shareholders, issued by Nano, on June 15, 2023.

(a)(5)(P)*

 

Press Release issued by Nano on June 21, 2023.

(a)(5)(Q)*

 

Special Tender Offer Information Website, FAQ Page, launched by Nano, as amended on June 21, 2023.

(a)(5)(R)*

 

Digital Advertising Campaign, continued by Nano, on June 21, 2023.

(a)(5)(S)*

 

Press Release issued by Nano on June 27, 2023.

(a)(5)(T)*

 

Special Tender Offer Information Website, launched by Nano, as amended on June 27, 2023.

(a)(5)(U)*

 

Digital Advertising Campaign, continued by Nano, on June 27, 2023.

(a)(5)(V)*

 

Press Release issued by Nano, on June 29, 2023 (incorporated by reference to Exhibit 99.1 to Form 6-K filed with the SEC by Nano on June 29, 2023).

(a)(5)(W)*

 

Investor Presentation by Nano, dated June 29, 2023 (incorporated by reference to Exhibit 99.2 to Form 6-K filed with the SEC by Nano on June 29, 2023).

(a)(5)(X)*

 

Transcript of conference call held by Nano on June 29, 2023.

(a)(5)(Y)**

 

Nano response to analyst report, dated July 5, 2023.

(b) – (h)

 

Not applicable.

107*

 

Filing Fee Table.

____________

*        Previously filed.

**      Filed herewith.

***    To be filed by amendment.

3

EX-99.(A)(5)(Y) 2 sctota9ex99-a5y_nano.htm NANO RESPONSE TO ANALYST REPORT, DATED JULY 5, 2023.

Exhibit (a)(5)(Y)

The following excerpt from Nano Dimension Ltd.’s Chairman and Chief Executive Officer, Mr. Yoav Stern, was published on 3dprintingindustry.com in response to an analyst report entitled “Merger Mania Part II – The Good, The Bad, and The Ugly”.

“The success in the Tender of Nano to buy 51% of Stratasys is not dependent on,” on upcoming Israeli court decisions regarding the legality….of Nano shareholder vote to remove several board and management team members.”

There is an Israeli Court (which is handling that issue of “vote legality”) decision, publicly published, from April 16th, 2023, section 110 ( attached) that states clearly that “Nano Dimension is allowed to run its business in the ordinary course including M&A transactions and specifically including completing the Stratasys Transaction”

“The analyst urges Nano to realize that institutional investors do not support their attempt to acquire Stratasys.” This is totally inaccurate. We spoke with at least 25 different institutional and other shareholders of Stratasys, and most of them were ready to support our tender – subject to a price adjustment up – to be higher than $18.

“Past attempts seen as not serious due to the large spread between the offered and trading price of Stratasys’ stock”. This again is totally inaccurate because when we tendered the first time at $18 at end of May 2023, the share was traded at less than $14 and it went up following our tender. Since then, we have increased it to $20.05

“A merger between Stratasys and Nano is not expected to yield the same scale efficiencies as potential mergers with Desktop Metal or 3D Systems would.” And in other places, Jensen is quoted as claiming the Nano is only an SMT company with no success of its AME business.

Important Information About the Special Tender Offer

This communication is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell any ordinary shares of Stratasys Ltd. (“Stratasys”) or any other securities, nor is it a substitute for the tender offer materials described herein. A tender offer statement on Schedule TO, including an offer to purchase, a letter of transmittal and related documents, has been filed on May 25, 2023, as subsequently amended and supplemented, including by the Supplement to Offer to Purchase filed on June 27, 2023, by Nano Dimension with the SEC. Stratasys filed a solicitation/recommendation statement on Schedule 14D-9 with the SEC on May 31, 2023, as subsequently amended.

INVESTORS AND SECURITY HOLDERS ARE URGED TO CAREFULLY READ BOTH THE TENDER OFFER MATERIALS (INCLUDING AN OFFER TO PURCHASE, A RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER TENDER OFFER DOCUMENTS) AND THE SOLICITATION/RECOMMENDATION STATEMENT ON SCHEDULE 14D-9 REGARDING THE OFFER, AS THEY MAY BE AMENDED FROM TIME TO TIME, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION THAT INVESTORS AND SECURITY HOLDERS SHOULD CONSIDER BEFORE MAKING ANY DECISION REGARDING TENDERING THEIR SECURITIES.

Investors and security holders may obtain a free copy of the Offer to Purchase, the related Letter of Transmittal, certain other tender offer documents and the Solicitation/Recommendation Statement and other documents filed with the SEC, as subsequently amended and supplemented, at the website maintained by the SEC at www.sec.gov or by directing such requests to the information agent for the tender offer, which is named in the tender offer statement. In addition, Stratasys files annual reports, interim financial statements and other information, and Nano Dimension files annual reports, interim financial statements and other information with the SEC, which are available to the public from commercial document-retrieval services and at the SEC’s website at www.sec.gov. Copies of the documents filed with the SEC by Stratasys may be obtained at no charge on the investor relations page of Stratasys’ website at www.stratasys.com. Copies of the documents filed with the SEC by Nano Dimension may be obtained at no charge on the investor relations page of Nano Dimension’s website at www.nano-di.com.