Siemens Healthineers to acquire Varian for $16.4 billion

FILE PHOTO: A staffer works on a magnetic resonance imaging machine at a production line of Siemens Healthineers in Shenzhen, China

German health group Siemens Healthineers (SHLG.DE) said on Sunday it would acquire Varian Medical Systems Inc (VAR.N) in a deal that values the U.S. maker of devices and software fortreating cancer at $16.4 billion (12.54 billion pounds).

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 Friday.

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