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The selling stockholder has granted the underwriters a 30-day option to purchase up to an additional 1,125,000 shares to cover over-allotments, if any.
The Company said that it will not receive any of the proceeds from the sale of shares of common stock by the selling stockholder in this offering, but will pay certain expenses.
J.P. Morgan Securities Inc. and BofA Merrill Lynch are the joint book-running managers for the offering. William Blair & Company is co-lead manager and Jefferies & Company, Inc. and Credit Suisse Securities (USA) are co-managers.
The offering is being made under a shelf registration statement filed with the Securities and Exchange Commission, and is expected to close on August 12.
Sirona develops, manufactures, and markets a complete line of dental products, including the CAD/CAM restoration equipment (CEREC), digital and film-based intra-oral, panoramic and cephalometric X-ray imaging systems, dental treatment centers and handpieces.
((Comments on this story may be sent to health@closeupmedia.com))
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The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
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