DENTSPLY and Sirona Announce Completion of Remaining Regulatory Milestones for Proposed Merger
YORK, PA & LONG ISLAND CITY, NY, February 25, 2016 – DENTSPLY International Inc. (“DENTSPLY”) (NASDAQ: XRAY) and Sirona Dental Systems, Inc. (“Sirona”) (NASDAQ: SIRO) today announced that the proposed merger of equals between the two companies has cleared regulatory review.
Following similar approvals in the United States and Ukraine, both the European Commission and Russia’s Federal Antimonopoly Service have announced approval of the proposed merger of DENTSPLY International Inc. and Sirona Dental Systems, Inc. This regulatory clearance marks an important milestone in the proposed transaction and the companies now expect the transaction to close on or about Monday February 29th, 2016.
About Sirona Dental Systems, Inc.
This information and any attachment thereto contains forward-looking information about Sirona Dental Systems, Inc.'s financial results, guidance and estimates, business prospects, and products and services that involve substantial risks and uncertainties or other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. You can identify these statements by the use of words such as "may," "could," "estimate," "will," "believe," "anticipate," "think," "intend," "expect," "project," "plan," "target," "forecast", and similar words and expressions which identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are not guarantees of future performance and involve known and unknown risks and uncertainties, and other factors. Readers are cautioned not to place undue reliance on such statements, which speak only as of the date hereof. For a discussion of such risks, uncertainties and other matters that could cause actual results to differ materially, including risks relating to, among other factors, the market for dental product and services, pricing, future sales volume of the Company's products, the possibility of changing economic, market and competitive conditions, dependence on products, dependence on key personnel, technological developments, intense competition, market uncertainties, dependence on distributors, ability to manage growth, dependence on key suppliers, dependence on key members of management, government regulation, acquisitions and affiliations, readers are urged to carefully review and consider various disclosures made by the Company in its Annual Report on Form 10-K and in its reports on Forms 10-Q and 8-K filed with the U.S. Securities and Exchange Commission. The Company assumes no obligation to update any forward-looking statements contained in this document or the attachments to reflect new information or future events or developments after the date any such statement is made.