Dentsply Sirona, Inc. (NASDAQ: XRAY)

DEFENDANT NAME: Dentsply Sirona, Inc.
STOCK SYMBOL: NASDAQ: XRAY
CASE NUMBER:
CASE NAME:
COURT: U.S. District Court for the Eastern District of New York
PRACTICE AREA: Investor Fraud
STATUS: Investigation
CLASS PERIOD: Feb. 20, 2014 - Aug. 7, 2018
LEAD PLAINTIFF DEADLINE: Feb. 19, 2019
DATE FILED:
COURT LOCATION:
RELATED DOCUMENTS:
CONTACT:
510-725-3000 XRAY@hbsslaw.com

Hagens Berman Sobol Shapiro LLP alerts investors in Dentsply Sirona Inc. (NASDAQ: XRAY) to the February 19, 2019 Lead Plaintiff deadline in the securities class action pending in the U.S. District Court for the Eastern District of New York.

IIf you (a) purchased or otherwise acquired shares of Dentsply Sirona, Inc. (NASDAQ: XRAY) between February20, 2014 and August 7, 2018 (the “Class Period”) OR (b) held Dentsply International, Inc. (“Dentsply Intl.”) shares as of December 2, 2015 and were entitled to vote with respect to Dentsply Intl.’s acquisition of Sirona Dental Systems, Inc. and suffered losses contact Hagens Berman Sobol Shapiro LLP.  For more infomation contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing XRAY@hbsslaw.com.

On February 29, 2016, Dentsply Intl. and Sirona Dental Systems, Inc. completed their merger to form Dentsply Sirona Inc.

On August 7, 2018, Dentsply Sirona announced its second quarter 2018 financial results.  In addition to news that it recorded a goodwill and intangible impairment charge of $1.265 billion, management slashed adjusted EPS guidance for 2018 to the range of $2.00 to $2.15 per share, down from its previous estimate of $2.55 to $2.65 per share.

This news drove the price of Dentsply Sirona shares down as much as $9.03, or about 18.5%, to close at $39.41 on August 7, 2018.

“We’re focused on investors’ losses and management’s historical statements about the Company’s Technologies and Equipment segment and certain distributor relationships,” said Hagens Berman partner Reed Kathrein.


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