AstraZeneca Near Sale of Unit to Dentsply

From Bloomberg – June 21, 2011

AstraZeneca Plc (AZN) is close to an agreement to sell Astra Tech, a Swedish maker of dental implants and medical devices, to Dentsply International Inc. (XRAY) for about $1.8 billion,said a person with knowledge of the sale.

No deal has been reached and the talks may still fall apart, said the person, who declined to be identified because the process is confidential. London-based AstraZeneca had sought about $2 billion for Astra Tech.

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