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BULLETIN: DENTSPLY to Acquire Friadent Dec 00
Standard & Poors, Dec 2000
Abstract
Corporate Credit Rating: A-/Stable/A-2 DENTSPLY International Inc. has announced that it will acquire Friadent GmbH for DM220 million (approximately US$100 million) and that it has agreed to sell InfoSoft LLC to PracticeWorks Inc. Standard & Poor's has said that the transactions will have no impact on DENTSPLY's credit rating or outlook, because the company's growth strategy of debt-financed acquisitions to improve its market position had already been incorporated into the rating. The acquisition of Germany-based Friadent, a major global dental-implant manufacturer with a number-one market-share position in Germany and a number-two market-share position throughout Europe, provides DENTSPLY the opportunity to reenter the large, high-growth dental-implant market and offers a base outside the United States on which to capitalize better on...
Companies mentioned in this report are: DENTSPLY International Inc.
Action: S&P Event
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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