Nikon announced plans to purchase the German metal 3D printer maker SLM for $620M. Additional information can be found here Press release: SLM and Nikon enter into Investment Agreement – Nikon to launch public takeover offer for SLM SLM enters into Investment Agreement with Nikon to further enhance SLM’s leadership position in Additive Manufacturing Nikon to launch all cash public takeover offer for SLM at EUR 20 per share, representing a premium of 75% to the undisturbed closing price as of September 1st 2022 Key shareholders Elliott, ENA and Hans J. Ihde support the takeover offer Limited customary closing conditions with no acceptance threshold SLM resolved 10% capital increase fully subscribed by Nikon at the takeover offer price SLM management and supervisory boards welcome and support the proposed transaction Lübeck, Germany – September 2, 2022. Today, SLM Solutions Group AG (“SLM Solutions”, “SLM” or the “Company”) and Nikon Corporation (“Nikon”) have entered into an Investment Agreement in relation to a voluntary public takeover offer that Nikon intends to launch for all outstanding shares of SLM at a cash consideration of EUR 20 per share. The EUR 20 offer price represents a 75% premium to the XETRA closing price of SLM’s shares on September 1st, 2022, and an 84% premium over the last 3 month volume-weighted average price of SLM’s share of EUR 10.89. Nikon has obtained binding commitments from SLM’s key shareholders Elliott Advisors UK Limited (Cornwall), ENA Investment Capital and SLM’s founder Hans J. Ihde to support the transaction...
Published By: Nikonrumors - Monday, 5 September, 2022