Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Sirona Dental Systems Inc (NASDAQ: SIRO) acted responsibly on behalf of investors’ profitability in the planned $13.3 billion sale to DENTSPLY International Inc (NASDAQ: XRAY).
On September 15, 2015, Sirona Dental Systems Inc (NASDAQ: SIRO)and DENTSPLY International Inc (NASDAQ: XRAY) announced that they had entered into a merger agreement. Under the terms of the merger agreement, Sirona shareholders will receive 1.8142 shares of DENTSPLY for each existing Sirona share. This represents a value of approximately $97.28 per Sirona Dental share.
Based in Long Island City, NY, and founded in 1877 Sirona Dental Systems Inc is a manufacturer of dental equipment for dentists worldwide. The business is divided into four segments; Dental CAD/CAM Systems, Imaging Systems, Treatment Centers, and Instruments. They offer solutions for dental restorations, diagnostic imaging, hygiene and ergonomic functionalities, as well as providing handheld and power-operated handpieces for use within a dental practice setting.
The investigation is looking to uncover whether Sirona Dental Systems Inc was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $120.00 per share.
If you purchased Sirona Dental Systems Inc (NASDAQ: SIRO) prior to September 15, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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