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Sunday, August 2, 2020

Siemens Healthineers near $15B deal for Varian

August 2, 2020

Siemens Healthineers (OTC:SEMHF) is in advanced talks to buy Varian Medical Systems (NYSE:VAR) in a deal that could value the company at ~$15B, Bloomberg reports.
Varian shares have edged 0.5% higher this year, while Healthineers, a spinoff from Siemens in 2018, has risen 2.7% YTD.
Healthineers said two months ago its coronavirus antibody test received Emergency Use Authorization from the FDA, which would allow users to identify recent or prior infection.

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