Siemens Healthineers to buy US cancer care firm Varian
Germany-based Siemens Healthineers said Sunday it will buy US cancer therapy and research company Varian in a deal worth around USD 16.4 billion. Palo Alto, California-based Varian had revenues in the 2019 fiscal year of USD 3.2 billion, Siemens Healthineers said in a statement.
- Country:
- Germany
Germany-based Siemens Healthineers said Sunday it will buy US cancer therapy and research company Varian in a deal worth around USD 16.4 billion. Siemens Healthineers, in which industrial conglomerate Siemens holds a majority stake, said it will buy all shares in Varian Medical Systems, Inc. for USD 177.50 per share in cash.
It said that the acquisition is expected to close in the first half of 2021, and requires the approval of regulators and Varian shareholders. Varian's board of directors unanimously approved the agreement, it added. Palo Alto, California-based Varian had revenues in the 2019 fiscal year of USD 3.2 billion, Siemens Healthineers said in a statement. Varian says it employs about 10,000 people around the world.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- Varian
- Siemens
- Siemens Healthineers
- Germany
- Varian Medical Systems
- Inc
- Palo Alto
- California
ALSO READ
Between the US and a hard place, Germany's Scholz reheats China ties
Russia, Germany, UK urge restraint as Iranian threat puts Middle East on edge
Holocaust survivors in Israel to get additional funds from Germany
Germany's Scholz, Georgia's Kobakhidze clash over foreign-funded NGO law
Police shut down pro-Palestinian gathering in Germany over hate speech fears