A workshop of computed tomography (CT) scanners of medical device firm Siemens Healthineers in Shanghai, China, February 24, 2020. - Reuters
FRANKFURT: Siemens Healthineers agreed to buy Varian Medical Systems in cash in a transaction that values the medical equipment maker at about US$16.4bil, more than 20% above its current market value.
The German company offered US$177.5 a share for the Palo Alto, California-based business, which will be financed through both debt and equity, Siemens Healthineers said in a statement on Sunday.
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