SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Sirona Dental Systems Inc. And Encourage...
18 Settembre 2015 - 12:34AM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of Sirona Dental Systems Inc.
(NasdaqGS: SIRO) (“Sirona Dental” or the “Company”) relating to the
proposed buyout of the Company by DENTSPLY International Inc.
Under the terms of the transaction, Sirona Dental shareholders
are anticipated to receive 1.8142 shares of DENTSPLY. Fractional
shareholders will receive cash. Based on the closing price of
DENTSPLY stock prior to the merger announcement, this represents a
value of approximately $97.28 per Sirona Dental share. According
to Yahoo! Finance, at least one Wall Street analyst has issued a
price target for Sirona Dental stock at $120.00 per share.
The firm’s investigation seeks to determine, among other things,
whether the Company’s Board of Directors failed to satisfy their
duties to shareholders, including whether the Board adequately
pursued alternatives to the acquisition and whether the Board
obtained the best price possible for the Company’s shares of common
stock.
If you currently own common stock of Sirona Dental and believe
that the proposed buyout price is too low, or you would like to
learn more about the investigation being conducted by Brower Piven,
please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150917006599/en/
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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