DENTSPLY International Inc. completes tender offer for New Image Industries Inc.YORK, Pa.--(BUSINESS WIRE)--March 10, 1997--DENTSPLY International Inc. (Nasdaq:XRAY) Monday announced the completion of its $2.00 per share cash tender offer for all the outstanding shares of common stock of New Image Industries Inc. In the offer, which expired at Midnight Eastern Standard time on March 7, 1997, 4,952,569 shares of New Image common stock were tendered, representing approximately 90.4 percent of New Image's outstanding common stock. DENTSPLY intends to acquire the remaining shares of New Image common stock by means of a "short form" merger under Delaware law for $2.00 per share in cash, without prior notice to, or any action by, any remaining New Image stockholders as soon as practicable following acceptance of, and payment for, the shares of New Image common stock tendered in the offer. DENTSPLY designs, develops, manufactures and markets a broad range of products for the dental market. The company believes that it is the world's leading manufacturer and distributor of artificial teeth, endodontic Endodontic Pertaining to the inside structures of the tooth, including the dental pulp and tooth root, and the periapical tissue surrounding the root. Mentioned in: Root Canal Treatment endodontic instruments and materials, impression materials, prophylaxis prophylaxis (prō'fĭlăk`sĭs), measures designed to prevent the occurrence of disease or its dissemination. Some examples of prophylaxis are immunization against serious diseases such as smallpox or diphtheria; quarantine to confine paste, dental sealants, ultrasonic scalers, and crown and bridge materials; the leading United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. manufacturer and distributor of dental x-ray equipment, dental handpieces, dental x-ray film Noun 1. X-ray film - photographic film used to make X-ray pictures bitewing - a dental X-ray film that can be held in place by the teeth during radiography holders, film mounts and bone substitute/grafting materials; and a leading United States distributor of dental cutting instruments and dental implants dental implant n. An artificial tooth that is anchored in the gums or jawbone to replace a missing tooth. dental implant . The company distributes its dental products in over 100 countries under some of the most well-established brand names in the industry. DENTSPLY is committed to the development of innovative, high quality, cost-effective new products for the dental market. CONTACT: DENTSPLY International Inc., York Edward D. Yates, Sr. VP & CFO See Chief Financial Officer. , 717/849-4243 |
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