Nano Dimension to acquire Markforged in all-cash deal [Seeking Alpha]
Markforged Holding Corporation (MKFG)
Company Research
Source: Seeking Alpha
Shares of Waltham, Massachusetts-based Markforged skyrocketed nearly 75% at 4.76 in morning trading. The aggregate total consideration payable to Markforged's shareholders is $115 million, the companies said, adding that the transaction of $5.00 per share represents a 71.8% premium to Markforged's volume weighted average price as of September 24, 2024. The combined company post-closing is expected to have a total expected cash & cash equivalents of $475 million, the firms said. The acquisition comes months after Nano Dimension announced a deal to acquire Desktop Metal in an all-cash transaction. “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,” said Nano Dimension CEO Yoav Stern. The transaction is expected to close in the first quar
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MKFG
News
- Markforged Holding Co. (NYSE: MKFG) had its "neutral" rating re-affirmed by analysts at Cantor Fitzgerald. They now have a $5.00 price target on the stock, down previously from $8.50.MarketBeat
- Markforged Holding Co. (NYSE: MKFG) had its "hold" rating re-affirmed by analysts at Lake Street Capital.MarketBeat
- Nano Dimension Snaps Up Markforged In $115M Deal: Details [Yahoo! Finance]Yahoo! Finance
- MKFG Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Markforged Holding Corporation Is Fair to ShareholdersBusiness Wire
- Shareholder Alert: Ademi LLP Investigates Whether Markforged Holding Corporation Has Obtained a Fair Price for Its Public ShareholdersBusiness Wire
MKFG
Earnings
- 8/8/24 - Miss
MKFG
Sec Filings
- 9/27/24 - Form 8-K
- 9/27/24 - Form DEFA14A
- 9/26/24 - Form DFAN14A
- MKFG's page on the SEC website