An investigation on behalf of former employees of Sirona Dental Systems, Inc. (NASDAQ:SIRO) concerning potential breaches of fiduciary duties was announced and former employees of Sirona Dental Systems, Inc. should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/24/2018 -- An investigation on behalf of former employees of Sirona Dental Systems, Inc. (NASDAQ:SIRO) concerning potential Breaches of Fiduciary Duty was announced.
Former employees of Sirona Dental Systems, Inc. (NASDAQ:SIRO), have certain options and should contact the Shareholders Foundation, Inc. at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the investigation by a law firm under ERISA employees of Sirona Dental Systems, Inc. (NASDAQ:SIRO), may be eligible to file a complaint for putting stock options at risk if they can prove their employer violated its fiduciary duty to them.
Long Island City, NY based Sirona Dental Systems, Inc. is a manufacturer of dental equipment. The Company is focused on developing, manufacturing and marketing solutions for dentists around the world. Sirona Dental Systems, Inc. reported that its Total Revenue rose from $913.87 million for the 12 months period that ended on September 30, 2011 to over $1.17 billion for the 12 months period that ended on September 30, 2014. Shares of Sirona Dental Systems, Inc. (NASDAQ:SIRO) grew from $41.16 per share in June 2012 to as high as almost $105 per share in August 2015. On September 15, 2015 DENTSPLY International Inc. (NASDAQ: XRAY) and Sirona Dental Systems, Inc. (NASDAQ:SIRO) announced that the Boards of Directors of both companies have unanimously approved a definitive merger agreement under which the companies will combine in an all-stock merger of equals. Under the terms of the agreement, Sirona Dental Systems, Inc. (NASDAQ:SIRO) shareholders will receive 1.8142 shares of DENTSPLY for each existing Sirona Dental Systems, Inc. (NASDAQ:SIRO) share. Based on a closing price of $53.62 per share of DENTSPLY International Inc. shares on September 14, 2015 shareholders in Sirona Dental Systems, Inc. (NASDAQ:SIRO) will receive a value of approximately $97.28 per share.
Those who are former employees of Sirona Dental Systems, Inc. (NASDAQ:SIRO), have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com