Phoenix Sinks Its Teeth Into Ney

This is a not-so-usual tale of a foreign company buying a U.S. entity to spread its wings in America. Phoenix-Shannon (PHNXY), an Irish company whose shares trade on the NASDAQ, will hike its sales nearly fivefold--and just about double earnings--when it gobbles up the assets of Ney Dental International, a unit of Andersen Group (ANDR). Phoenix and Andersen expect to announce the deal before long.

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