Update: Dentsply International Inc. this morning completed its merger of equals with New York-based Sirona Dental Systems Inc.
“With our merger complete, Dentsply Sirona can now focus its efforts on empowering dental professionals to provide better, safer and faster dental care,” CEO Jeffrey T. Slovin said.
Billing itself under the trademarked “The Dental Solutions Company,” the combined firm “will drive long-term growth by being uniquely positioned to deliver innovative solutions and support our customers with the broadest product portfolio and the largest sales and service infrastructure in the industry,” Slovin added.
“Dentsply Sirona will continue to be at the forefront of the digitization of dentistry, single visit dentistry and improving clinical outcomes for patients around the world,” he said.
The firms in September announced a “merger of equals,” designed to create a $13.3 billion combined company, the world’s largest manufacturer of professional dental products and technologies.
Dentsply Sirona’s U.S. headquarters remain at Dentsply’s current facility in York, while international headquarters will be in Salzburg, Austria.
Russia’s Federal Antimonopoly Service last week also approved the deal, which previously was approved by regulators in the U.S. and Ukraine.
Dentsply Sirona will trade its shares on the NASDAQ under Dentsply’s symbol, XRAY.
Officials said shares of Sirona will be halted from trading prior to the open of the NASDAQ stock market today, and will cease trading effective at the close of business.
Under the terms of the merger agreement, Sirona shareholders are entitled to receive 1.8142 shares of Dentsply Sirona for each existing Sirona share.