Siemens Healthineers to acquire Varian for $16.4 billion

FILE PHOTO: A staffer works on a magnetic resonance imaging machine at a production line of Siemens Healthineers in Shenzhen, China May 25, 2018. REUTERS/Bobby Yip

BERLIN (Reuters) – German health group Siemens Healthineers (SHLG.DE) said on Sunday it would acquire Varian Medical Systems Inc (VAR.N) in a deal that values the U.S. maker of devices and software fortreating cancer at $16.4 billion.

Under the agreed deal, Siemens Healthineers would acquire all shares in Varian at $177.50 in a cash, which represents a 24% premium to the American company’s closing price on Friday.

Reporting by Douglas Busvine; Editing by Gareth Jones

Source


More:  LVMH considering buying Tiffany's shares on open market: Bloomberg News

More from: | Category: M&A News