NEW YORK, Sept. 16, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Sirona Dental Systems Inc. ("Sirona" or the "Company") (NASDAQ: SIRO) concerning the proposed acquisition of the Company by DENTSPLY International Inc. ("DENTSPLY") (NASDAQ: XRAY).
Under the terms of the offer, the DENTSPLY would acquire Sirona in a transaction valued at approximately $5.5 billion. Pursuant to the deal, Sirona stockholders would receive 1.8142 shares of DENTSPLY per share owned, consideration worth approximately $95.80. As recently as August 2015, Sirona stock traded above $100 per share, and according to Yahoo Finance the median analyst target price for Sirona stock is $103 per share and the high target price is $120 per share.
Our investigation concerns whether the Sirona board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.
If you own Sirona shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin I Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
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Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP