Faruqi & Faruqi, LLP’s national practice focuses on complex civil litigation. The firm practices in the areas of Securities, Merger & Transactional, Shareholder Derivative, Antitrust, Consumer Class Action, and Wage & Hour litigation.
Thursday, September 24, 2015
Faruqi & Faruqi Investigation: Sirona Dental Systems
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Sirona Dental Systems (“Sirona” or the “Company”) (NasdaqGS:SIRO) for potential breaches of fiduciary duties in connection with the sale of the Company to DENTSPLY for approximately $5.51 billion in an all-stock transaction .
The Company’s stockholders will only receive 1.8142 shares of DENTSPLY per each share of Sirona common stock they own, or approximately $95.03 per share as of September 24, 2015. However, the offer is significantly below at least one analyst’s target price of $120.00.