Dental supply company Dentsply Sirona entered a $150 million share repurchase agreement with Goldman Sachs & Co.
Dentsply Sirona will initially receive approximately 3.1 million shares as part of the accelerated share repurchase agreement, according to a March 6 news release. The final number of shares will be determined based on the average of the daily volume-weighted stock prices of the company's common stock during the agreement's valuation period.
The deal is expected to be completed before the end of the second quarter of this year.