varian acquired by siemens

German health group Siemens Healthineers said it would acquire Varian Medical Systems in a deal that values the US maker of devices and software for cancer treatments at $16.4bn. Siemens Healthineers AG (Frankfurt: SHL) and Varian Medical Systems, Inc. (NYSE: VAR) announced that they have entered into an agreement, pursuant to which Siemens Healthineers shall acquire all shares of Varian for USD 177.50 per share in cash. This corresponds to a purchase price of approximately $16.4 billion. Varian (VAR) Agrees to Be Acquired by Siemens Healthineers for $177.50/Share, or $16.4B Microsoft (MSFT) Files to Offer 1.27M Shares of Common Stock for Shareholders This corresponds to a purchase price of Varian of approx. Siemens Healthineers AG and Varian Medical Systems Inc. have entered into an agreement, pursuant to which Siemens Healthineers shall acquire all shares of Varian for $177.50 per share in cash. In fiscal year 2019, Varian’s revenues had amounted to US$3.2 billion with an adjusted operating margin of approximately 17%. Under the agreed transaction, Siemens Healthineers will acquire all shares in Varian for $177.50 each in cash, representing a 24% premium to the U.S. company’s closing price on Friday. As part of the arrangement, Siemens Healthineers will acquire all of Varian’s outstanding shares for $177.50 each. Press Munich, August 2, 2020 Siemens AG welcomes acquisition of Varian by Siemens Healthineers • Transformational milestone in execution of Siemens’ Vision 2020+ strategy • Siemens Healthineers intends to acquire 100 percent stake in U.S. healthcare company at a purchase price of around $16.4 billion US$16.4 billion. August 3, 2020 — Siemens AG is continuing to rigorously execute its Vision 2020+ strategy and therefore expressly welcomes Siemens Healthineers AG’s acquisition of a 100 percent stake in Varian Medical Systems, Inc., a U.S. company active in the area of cancer research and therapy.Payment of the purchase price of around $16.4 billion is to be enabled by mixed … Bloomberg was first to report the offer on Saturday. August 3, 2020 — Siemens AG is continuing to rigorously execute its Vision 2020+ strategy and therefore expressly welcomes Siemens Healthineers AG’s acquisition of a 100 percent stake in Varian Medical Systems, Inc., a U.S. company active in the area of cancer research and therapy.Payment of the purchase price of around $16.4 billion is to be enabled by mixed … Siemens Healthineers intends to acquire 100 percent stake in U.S. healthcare company at a purchase price of around $16.4 billion. The merger would give Erlangen, Germany -based Siemens Healthineers a broader reach into cancer care. The acquisition comes amid early signs of a pickup in deals after the spread of the coronavirus and a worsening economic outlook damped sentiment this year. Siemens Healthineers said the purchase will a have a positive effect on earnings per share withing the first 12 months of the closing. The bid will be financed through both debt and equity, Siemens Healthineers said in a statement on Sunday. If Siemens can leverage its far larger operational and sales network and apply it to Varian’s product segments, none of Varian’s current main competitors will have the resources to compete, unless acquired by another major healthcare technology vendor. This corresponds to a purchase price of approximately USD 16.4 billion. The company also expects full-year earnings per share of between 1.54 euro and 1.62 euro, compared with 1.57 euro last year. US$16.4 billion. 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