Stockholders v Schick Technologies, Inc.
Lawsuit Filed Over Schick Technologies' Merger With Sirona Dental Systems Voluntarily Dismissed
Schick Technologies, Inc. announced that the class action filed in connection with the Company's merger with Sirona Dental Systems has been voluntarily dismissed. The dismissal is without prejudice, with each party bearing its own costs, and without any payment, or promise of payment, being made to the plaintiff or his attorneys. The Court granted the Notice and Order of Voluntary Dismissal Without Prejudice on April 13, 2006.
The Company believes that the voluntary dismissal of the action is consistent with its previously disclosed view that the allegations contained in the complaint were unfounded and without merit.
The merger will be presented for shareholder approval at a Special Meeting of Stockholders which is expected to take place in the second quarter of 2006. In connection with the proposed merger, the Company will be filing with the SEC a definitive proxy statement and other relevant documents. These materials will contain important information and we caution investors to carefully read them before making a decision concerning the transaction.
Schick Technologies, Inc. and its directors and executive officers and other members of its management and employees, may be deemed to be participants in the solicitation of proxies from shareholders of Schick in connection with the proposed transaction. Information about the directors and executive officers of Schick and their ownership of Schick stock is set forth in Schick's Proxy Statement filed with the SEC in connection with its Annual Shareholders Meeting for fiscal 2005.
