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Nano Dimension Clears Hart-Scott-Rodino for Acquisition of Desktop Metal

Antitrust milestone marks significant step towards deal closing, with acquisition expected to close in Q4 2024.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Nano Dimension Ltd. announced that the waiting period under the U.S. Department of Justice (DOJ) Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) has expired in connection with its definitive agreement to acquire Desktop Metal, Inc.

The HSR Act is a U.S. federal law that requires companies to notify the Federal Trade Commission and the DOJ about certain proposed mergers and acquisitions and observe a waiting period prior to close, which provides the U.S. antitrust authorities the opportunity to review the transaction.

As a result of the expiration of the waiting period, no further regulatory review by U.S. antitrust authorities is required in connection with the acquisition.

While the deal continues to be subject to the satisfaction of other customary closing conditions, this is a notable step that keeps Nano Dimension and DM’s previously announced Q4 2024 closing timeline on schedule.

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