Business

Siemens Healthineers to Purchase Varian Scientific for $16.four Billion

(Bloomberg) — Siemens Healthineers said on Sunday it entered into an agreement with Varian Medical Systems to buy all the shares of Varian for $177.50 each in cash.

The company said this corresponds to a purchase price of approximately $16.4 billion. The deal is expected to close in the first half of 2021.

Varian’s board of directors unanimously approved the agreement.

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