Dentsply And Sirona To Merge To Create $13 Bln Company

Dentsply International Inc. and Sirona Dental Systems Inc. will merge in an all-stock deal that will create the world's largest maker of professional dental products with a value of about $13.3 billion, the companies announced Tuesday. Sirona shareholders will receive 1.8142 shares of Dentsply for each Sirona share. The combined entity is expected to have revenue of about $3.8 billion and adjusted earnings before interest, taxes, depreciation, and amortization of more than $900 million. Shares of Dentsply were up 1.4% while Sirona shares rose 1.2% during regular session but both were halted in after-hours trade pending news of the merger. The stocks are expected to resume trading at 4:50 pm Eastern.