Deal Snapshot
Siemens Healthineers to Acquire All Shares of Varian in USD 16.4bn All-Cash Transaction
Thursday 06 August 2020

US-based medical technology company Siemens has agreed to acquire all outstanding shares of cancer care technologies and solutions provider Varian (NYSE: VAR) in a transaction valued at USD 16.4bn, the company said.

Siemens Healthineers will acquire the Varian shares for USD 177.50 per share in cash, representing a premium of approximately 42%. The combination will create a multi-disciplinary global healthcare leader with the most comprehensive cancer care portfolio in the industry.

Date Published: 06/08/2020