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November 8, 2012
06:38 EDTXRAYDentsply initiated with a Hold at Stifel Nicolaus
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May 26, 2015
20:52 EDTXRAYStifel to hold a conference
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06:18 EDTXRAYDentsply reaches agreement with work councils in Germany
DENTSPLY International announced that it has reached agreement with the applicable works councils in Germany to proceed with restructuring portions of its laboratory business, consistent with its earlier announcement of September 17, 2014. The majority of this restructuring effort will be implemented during the remainder of FY15 and FY16. The Company expects to incur total costs in the range of $33M-$38M related to this initiative, the majority of which are expected to be recorded in the Q2. It is anticipated that approximately 85% of these costs will be cash outlays, including costs related to severance and employee related obligations. This initiative impacts certain manufacturing operations from two sites in Germany, one of which will be closed and another that will be downsized. The Company noted that this action is part of its broader efficiency program and the anticipated impact was included in the adjusted earnings guidance as previously provided.

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