Bloomberg: Dentsply to Buy AstraZeneca Dental Unit

Posted: June 22, 2011
Bloomberg: Dentsply to Buy AstraZeneca Dental Unit

Dentsply International Inc. (XRAY) agreed to buy AstraZeneca Plc (AZN)’s Astra Tech unit, a Swedish manufacturer of dental prosthetics and medical devices, for $1.8 billion to become the world’s third-biggest maker of teeth implants.

The cash transaction will be completed in the second half, London-based AstraZeneca said today in a statement. Dentsply of York, Pennsylvania, said the purchase will double its position in dental implants, a market whose annual growth rate will accelerate to 13 percent from 6 percent within two years, according to Sanford C. Bernstein & Co. estimates.

http://www.bloomberg.com/news/2011-06-21/astrazeneca-said-near-sale-of-unit-to-dentsply-for-1-8-billion.html
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