Sonova Holding AG (OTCPK:SONVY)
$ 65.04 -0.4 (-0.61%) Market Cap: 19.38 Bil Enterprise Value: 19.34 Bil PE Ratio: 30.04 PB Ratio: 7.62 GF Score: 98/100
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Sonova Holding AG to Acquire Sennheiser Consumer Division Call Transcript

May 07, 2021 / 06:30AM GMT
Release Date Price: $60.64 (+2.63%)
Operator

Ladies and gentlemen, welcome to the Sonova conference call on the planned acquisition of the Sennheiser Consumer Division. I am Alice, the Chorus Call operator. (Operator Instructions) The conference is being recorded. (Operator Instructions) The conference must not be recorded for publication or broadcast. At this time, I would like to hand over to Arnd Kaldowski, CEO of Sonova. Please go ahead, sir.

Arnd Kaldowski
Sonova Holding AG - CEO, COO & Member of Management Board

Alice, thanks a lot. Good morning, everyone. And sorry for the early somewhat unexpected start to the Friday here, but we have the opportunity to share an exciting news with you this morning of us having signed the acquisition of the Sennheiser Consumer Division. I want to use 15 minutes or so to share with you a little bit background on the soon-to-come new part of Sonova, meaning the Sennheiser Consumer Division. The strategic rationale for this partnership and acquisition and then a little bit the facts of the transaction.

Couple of reminders upfront here; a, I think you're

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