{
  "docId": "019de074-ffaa-7421-a5b1-4ed6884e2ff2",
  "docSlug": "285f4b10d812dc4e1ae191ec7ca779f9",
  "documentTitle": "Nano Dimension | Mergers and Acquisitions Presentation Deck | 16 slides",
  "authorId": "nano-dimension",
  "authorName": "Nano Dimension",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2023-05-01 00:00:00",
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  "pageNumber": 4,
  "pageCount": 16,
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  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "balanced",
  "nDataPoints": 6,
  "notes": "Uses a numbered list to establish a causal chain of events leading to the current activist position.",
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  "deckAnchorHref": "/decks/019de074-ffaa-7421-a5b1-4ed6884e2ff2#slide-4",
  "components": [
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      "kind": "callout",
      "text": "Even if our $18.00 per share offer is not accepted, Nano Dimension, as the biggest shareholders of SSYS, are against SSYS-DM deal. We have been approached by other shareholders who feel the same way",
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      "kind": "list",
      "text": "1. Nano Dimension (Nasdaq: NNDM) has been Stratasys Ltd.’s (“Stratasys”) (Nasdaq: SSYS) largest shareholder since July 2022, with 14.2% of outstanding shares\n2. In November 2022 we performed initial due diligence on Desktop Metal; we know them very well and decided it is value destructing, will be cash burning for years to come, and is totally overvalued at $800M -> We dropped this alternative\n3. We approached SSYS board of directors on a friendly basis for three months, but our offers were repeatedly rejected at: $18.00 per share, $19.55 per share, $20.05 per share. Yet, SSYS now wants to pay with their shares that they claim were totally undervalued at $20\n4. The SSYS board have put their shareholders in a situation whereby they may have to forfeit $32.5 million in break-up fees if they terminate the SSYS-DM deal",
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      "kind": "title",
      "text": "How we got here",
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  "frameworks": [
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      "name": "causal-chain",
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      "matchId": "f2a31256-dd31-4f7b-9fbd-9f670dd97f15",
      "evidence": "Numbered list establishes a sequence of events leading to a conclusion.",
      "confidence": 0.8
    },
    {
      "name": "ceo-quote-contradiction",
      "slug": null,
      "matchId": "5453d12d-fa2c-44d4-bbd0-d3cde380cdc8",
      "evidence": "Highlights the contradiction between rejecting $18-$20 offers and using shares valued at $20 for the DM deal.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
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      "beatId": "092ee78e-790f-4357-86cb-942490e1a29d",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Problem (Identify pain)",
      "beatSlug": "problem-agitate-solution-problem-identify-pain",
      "evidence": "Slides 4-8 expose contradictions and critique SSYS's strategy",
      "position": 0,
      "confidence": 0.8,
      "parentBeatName": "Complication",
      "parentBeatSlug": "complication"
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  ],
  "loops": [
    {
      "to": 14,
      "from": 4,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "df6c2791-ae20-45b1-b1b5-4dd7fde90255",
      "evidence": "The document implies that not accepting the offer leads to continued dilution and uncertainty",
      "position": 0,
      "objective": "What are the costs of not accepting NNDM's tender offer?",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.7,
      "description": "Quantify what happens if the audience does nothing"
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  ],
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