Dentsply International Inc. extends tender offer deadline for New Image Industries Inc. common stock.YORK, Pa.--(BUSINESS WIRE)--March 4, 1997--DENTSPLY International Inc. (Nasdaq:XRAY) Tuesday announced that it is extending to 12:00 midnight, Eastern Standard time, on Friday, March 7, 1997 its previously announced $2.00 per share cash tender offer for all shares of New Image Industries Inc. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the depository The place where a deposit is placed and kept, e.g., a bank, savings and loan institution, credit union, or trust company. A place where something is deposited or stored as for safekeeping or convenience, e.g., a safety deposit box. for the tender offer, 4,783,079 New Image shares, representing approximately 87% of the shares outstanding, had been tendered and not withdrawn pursuant to the tender offer as of midnight on March 3, 1997. The purpose of the extension is to provide additional time for New Image stockholders to tender a sufficient number of shares so that DENTSPLY, following the expiration of the tender offer, may acquire all remaining New Image shares by means of a "short form" merger under Delaware law. If 90% or more of the outstanding New Image shares are tendered by midnight, Eastern Standard time on March 7, 1997, DENTSPLY intends to effect such a "short form" merger for $2.00 per share in cash, without prior notice to, or any action by, any remaining New Image stockholders. 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, Senior VP/CFO, 717/849-4243 |
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