Siemens Healthineers to buy Varian for $16.4B

Sonntag, 02. August 2020 12:35

Siemens Healthineers AG will acquire United States-based Varian Medical Systems for approximately $16.4 billion in an all-cash deal, the companies announced on Sunday.

The transaction values Varian's shares at $177.50, a 24% premium on the closing price of the company's stock on July 31. It is expected to be completed in the first half of 2021 and is subject to customary regulatory and shareholder approval.

"In addition to delivering immediate and compelling value to our shareholders, the combination with Siemens Healthineers brings us even closer to realizing our transformative vision of a world without fear of cancer. Siemens Healthineers' innovative leadership in detection and diagnosis will extend our ability to serve clinicians and patients from the very first stage in the fight against cancer," Varian chief executive Dow Wilson said in the press release.

Related Links: Varian Medical Systems Inc.Siemens AG
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