DENTSPLY SIRONA Inc Acquires Byte - M&A Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Glen Joseph Santangelo - Guggenheim Securities, LLC, Research Division - Analyst : Don and Neeraj, I'd love to hear from your perspective. And I'm sorry if I missed this. So all the revenues at Byte today domestic? And Don, it kind of sounds like one of the strategies here is to leverage your global footprint. And to that point, Neeraj, I'm kind of curious to get your take on why you thought a merger with Dentsply was the best course of action for your company versus, say, a traditional IPO in terms of how you best monetize what you all have built at Byte?

Question: Glen Joseph Santangelo - Guggenheim Securities, LLC, Research Division - Analyst : I appreciate that. Maybe if I could just ask one quick follow-up to Jorge. Jorge, I just wanted to ask if you could elaborate on the tax benefits of $160 million? How quickly do you think the company will realize those benefits? And I'm trying to put that into context of the valuation that was paid for Byte.