Siemens Arm’s $16.4 Billion Varian Deal Opens Path to DAX. PALO ALTO, Calif., March 2, 2021 / PRNewswire / -- Varian (NYSE: VAR) today announced that Chief Executive Officer Dow Wilson, after more than 16 years with the Company, will retire upon the successful completion of the proposed combination of Varian and Siemens Healthineers AG (Frankfurt: SHL). Varian (NYSE: VAR) today announced that its stockholders have voted to approve the previously announced pending combination with Siemens Healthineers AG (Frankfurt: SHL) at … According to the terms of the agreement, Siemens Healthineers offered to … The transaction is expected to close in the first half of calendar year 2021, subject to approval by Varian shareholders, receipt of regulatory approvals and other customary closing conditions. Whilst growth in the radial oncology segment has been lumpy over recent periods, value added service offerings and the demand for VAR's product line will continue to drive underlying growth in years to come. The transaction is expected to close in the first half of calendar year 2021, subject to approval by Varian shareholders, receipt of regulatory approvals and other customary closing conditions. Varian is a world leader in the field of cancer care, with innovative solutions especially in radiation oncology and related software. States Where the Middle Class Is Being Left Behind. The acquisition of Varian is expected to close in the first half of calendar year 2021, with closing being subject to approval by Varian shareholders, receipt of regulatory approvals and satisfaction of other customary closing conditions. April 15, 2021 — Siemens Healthineers AG announced that it has successfully completed the acquisition of Varian Medical Systems, Inc. The … Varian (NYSE: VAR) today announced that it has entered into a definitive agreement to combine with Siemens Healthineers AG (Frankfurt: SHL) … Three benefits of the deal are clear at first glance. The acquisition of Varian is expected to close in the first half of calendar year 2021, with closing being subject to approval by Varian shareholders, receipt of regulatory approvals and satisfaction of other customary closing conditions. With the closing of the acquisition, Varian is expected to positively contribute to Siemens Healthineers adjusted basic earnings per share within the first 12 months. Siemens AG aims to maintain its current A+ / A1 rating 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. (NYSE: VAR), a U.S. company active in the area of cancer research and therapy. The acquisition of Varian is expected to close in the first half of calendar year 2021, with closing being subject to the Varian shareholders’ approval, receipt of regulatory approvals and satisfaction of other customary closing conditions. The transaction is expected to close in the first half of calendar year 2021, subject to approval by Varian shareholders, receipt of regulatory approvals and other customary closing conditions. 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. Varian (VAR) announced the $16.4 billion takeover by Siemens in August last year. The Varian brand and its approximately 10,000 people will continue to operate as an independent company under Siemens after the deal closes, the companies said. Varian Medical Systems (NYSE:VAR) are one of the leading authorities in stereotactic surgery and radiation-type therapy. “As the first of the three companies in our new Siemens Ecosystem, we gave Siemens Healthineers an independent, focused setup. With today’s closing of the acquisition, Varian is expected to positively contribute to Siemens Healthineers adjusted basic earnings per share 1 within the first 12 months. Varian is expected to positively contribute to Siemens Healthineers adjusted basic EPS 3 within the first 12 months after closing of the acquisition. “With Varian, Siemens Healthineers has the most comprehensive portfolio in the MedTech sector, which offers the company considerable potential for value creation. It is expected to close in the first half of 2021 and be accretive to Siemens Healthineers’ adjusted basic earnings per share within 12 months of that. The acquisition was previously announced on August 2, 2020. "With Varian, Siemens Healthineers has the most comprehensive portfolio in the MedTech sector, which offers the company considerable potential for value creation. A 1,100-Year-Old Poem Cost Meituan’s Outspoken CEO Billions. The transaction is expected to close in the first half of calendar year 2021, subject to approval by Varian shareholders, receipt of regulatory approvals and other customary closing conditions. “As the first of the three companies in our new Siemens Ecosystem, we gave Siemens Healthineers an independent, focused setup. • Varian shareholders to receive USD 177.50 per share in cash, representing a purchase price of approximately USD 16.4 billion • Varian expected to be accretive to Siemens Healthineers adjusted basic EPS1 within the first 12 months after closing of the acquisition Additionally, Siemens Healthineers aims for EBIT synergies of at least EUR 300 million per annum in fiscal year 2025. After announcing a $16.4 billion plan last August, Siemens Healthineers has officially closed its takeover deal for Varian Medical Systems, sealing a bid … Siemens Healthineers has finalized its acquisition of cancer care tech company Varian Medical Systems, the two announced Thursday. Dr. Bernd Montag, CEO of Siemens Healthineers AG Varian shareholders to receive USD 177.50 per share in cash, representing a purchase price of approximately USD 16.4 billion Varian expected to be accretive to Siemens Healthineers adjusted basic EPS1 within the first 12 months after closing of the acquisition Under the agreed transaction, 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 … Varian ( VAR) announced the $16.4 billion takeover by Siemens in August last year. Siemens Healthineers will acquire all shares of Varian for $177.50 per share in cash, a premium of approximately 24% to the closing price of Varian’s common stock on July 31, 2020. We would point out to investors that VAR is an acquisition candidat… Varian has established strong brand recognition, and expects to continue to operate under the Varian name as an independent company within Siemens Healthineers following the completion … Siemens Healthineers still expects to close the merger with Varian in the first half of calendar year 2021. Firstly, Siemens Healthineers will be adding an additional mature product set to its already strong modality hardware line-up. Siemens Healthineers is acquiring Varian for $16.4 billion in perhaps one of the largest medtech deals in the pandemic era to date. After closing the deal, the Germany-based manufacturer can now offer the full gamut of cancer care services, ranging from imaging to lab diagnostics, artificial intelligence and radiation therapy. The … “As the first of the three companies in our new Siemens Ecosystem, we gave Siemens Healthineers an independent, focused setup. VAR offers superior technology and more effective treatment services over competitors, by our examination. The ProBeam® 360° Proton Therapy System is designed for next-generation proton therapy, offering uncompromised clinical capabilities with ultra-high dose rates, a 360-degree gantry, and exceptional precision, all within a 30% smaller footprint. Siemens Healthineers still expects to close the merger with Varian in the first half of calendar year 2021. Siemens Healthineers will acquire 100% of Varian’s outstanding shares for $177.50 per share, representing a 24% share premium over Varian’s closing price of $142.72 on July 31,2020 and a 42% premium over the 30-day weighted average. Siemens first announced its mega merger with the Palo Alto, California-based radio therapy solutions provider back in August, and Varian’s shareholders OK’d the deal in October. 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 … PALO ALTO, Calif., Aug. 2, 2020 /PRNewswire/ -- Varian (NYSE: VAR) today announced that it has entered into a definitive agreement to combine with Siemens Healthineers AG (Frankfurt: SHL) in According to the terms of the agreement, Siemens Healthineers offered to … The acquisition was previously announced on August 2, 2020. The all-cash transaction is set to close … The companies expect the deal to close in the first half of next year. The two hope to close in 2021’s first half, together creating a “global healthcare leader” offering the entire gamut of cancer care services from initial imaging screening to treatment and survivorship. Following the closing of the acquisition, Siemens Healthineers aims for EBIT synergies of at least EUR 300 million per annum in fiscal year 2025. BERLIN, March 25 (Reuters) - Siemens Healthineers SHLG.DE is on track to complete the Varian VAR.N takeover in the first half of the year as there were only a … Varian Medical Systems (NYSE:VAR) announced today that its stockholders approved the pending combination with Siemens Healthineers (ETR:SHL).. … Wilson will be succeeded by Chris Toth, President and Chief Operating Officer of … Varian to Combine with Siemens Healthineers in $16.4 Billion All-Cash Transaction ... representing a premium of approximately 42% to the 30-day volume weighted average closing price of Varian… Siemens Healthineers agreed to buy Varian Medical Systems for about $16.4 billion in cash in the biggest medical acquisition of the year. With today’s closing of the acquisition, Varian is expected to positively contribute to Siemens Healthineers adjusted basic earnings per share 1 within the first 12 months. Additionally, Siemens Healthineers aims for EBIT synergies of at least EUR 300 million per annum in fiscal year 2025. Description: Siemens Healthineers announced it was purchasing Varian for $16.4 billion, the largest deal of the year so far. The transaction, first reported by Bloomberg, is subject to approval by Varian shareholders and regulators. Siemens Healthineers plans to finance the acquisition of Varian with a mix of debt and equity. Varian is a world leader in the field of cancer care, with innovative solutions especially in radiation oncology and related software. Siemens Healthineers AG (Frankfurt: SHL) today announced that it has successfully completed the acquisition of Varian Medical Systems, Inc. ("Varian"). Siemens Healthineers has rubber stamped a deal to buy Varian Medical Systems, in a cash transaction that pegs the medical equipment manufacturer at $16.4bn (£12.5bn). Additionally, Siemens Healthineers aims for EBIT synergies of at least EUR 300 million per annum in fiscal year 2025. The merger would give Erlangen, Germany -based Siemens Healthineers a broader reach into cancer care..
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