European stocks turn higher as improving economic data offset downbeat bank results MarketWatch. The deal will create a world leader in the area of cancer therapy, Siemens deputy CEO Roland Busch said in a statement Sunday. Two proven leaders in medical technology, Varian and Siemens have joined together in pursuit of shaping the future of cancer care. Siemens will now review its fiscal 2021 outlook on the back of the strong performance, the company said. The analysts of UBS have rated Varian Medical Systems with a Buy rating. We want to invite you to become a Siemens shareholder and reward you in the long term. Firefox Browser, Siemens Healthineers agreed to buy Varian Medical Systems for about $16.4 billion in cash in the biggest medical acquisition of the year. The company also expects full-year earnings per share of between 1.54 euro and 1.62 euro, compared with 1.57 euro last year. The analysts of UBS have rated Varian Medical Systems with a Buy rating. Right. By optimizing clinical workflows for the most common diseases, Siemens is making … UBS has chosen its clients wisely in a year that has seen the value of European M&As tumble 32%. It looks like you are using a browser that is not fully supported. Varian Medical Systems Seems To Use Debt Rather Sparingly Monday, 20 July 2020 … Siemens Healthineers AG, a medical technology spinoff of the German conglomerate, said it would acquire U.S.-based Varian Medical Systems Inc. for $16.4 billion, roughly 25% above its current market value. Siemens BT300 is designed specifically for the demands of today’s HVAC systems. Varian’s board of directors unanimously approved the agreement, it added. Jul 17, 2020. Varian, based … It placed 75 million new shares with institutional investors through an accelerated bookbuilding offering at €36.40 per share. Brings Together Highly Complementary Portfolios to Empower Clinicians and Patients in the Fight Against Cancer . Sunday, Aug 02, 2020. Increased focus on energy efficiency of variable flow systems has increased the need for easy-to-use and highly reliable variable frequency drives to reduce the cost of installation and maintenance while maximizing energy savings. It’s about what your wealth can accomplish. 07/24/20 UBS Siemens Healthineers initiated with a Neutral at UBS 07/22/20 RBC Capital Siemens Healthineers price target raised to EUR 45 from EUR 40 at RBC Capital 07/02/20 JPMorgan Siemens Healthineers price target lowered to EUR 37.60 at JPMorgan 06/08/20 Citi Siemens Healthineers upgraded to Buy from Neutral at Citi. Healthineers, Siemens AG’s stake in Siemens Healthineers The purchase will bring together two partners that have collaborated for more than a decade in areas such as radiotherapy diagnostics for cancer treatments. Cargo Screening Emerging Business Opportunities Baggage Screening Security. It operates through Oncology Systems and Proton Solutions segments. Siemens Healthineers acquires Varian for $177.50 per share or $16.4B. Varian and Siemens sign global radiosurgery collaboration deal Varian Medical (NYSE:VAR) and Siemens (NYSE:SI) signed a global collaboration agreement to jointly pursue diagnostic and … Monday, August 03, 2020. … Varian Medical Systems was formerly known as Varian Associates, Inc. and changed its name to Varian Medical Systems, Inc. in April 1999. UBS has chosen its clients wisely in a year that’s seen the value of European M&A tumble 32%. AG to decline to about  72 percent from 85 percent, Siemens AG to remain long-term Siemens Healthineers on Wednesday launched a 2.9 billion euro ($3.43 billion) capital increase to finance parts of the planned takeover of U.S. peer Varian. 08:37 AM ET. Bloomberg was first to report the offer on Saturday. Acquisitions/New Markets $50 million in additional … Siemens Healthineers on Wednesday launched a 2.9 billion euro ($3.43 billion) capital increase to finance parts of the planned takeover of U.S. peer Varian. Varian recently traded at 38 times estimated earnings, compared with a multiple of 18 for the S&P 500 Health Care index. Show full articles without "Continue Reading" button for {0} hours. That’s why we developed the Share Matching Program. UBS Financial Services Inc. is also registered as a Futures Commission Merchant (FCM) with the U.S. Commodity Futures Trading Commission (CFTC) and offers brokerage services related to the execution and clearing of on-exchange futures and options on futures products. UBS Europe SE is acting as financial co-advisor to listed Siemens Healthineers AG (currently 85% owned by Siemens AG), on the proposed acquisition of Varian Medical Systems Inc. Varian Medical Systems downgraded to neutral from buy at UBS MarketWatch. Siemens welcomes acquisition of Varian by Siemens Healthineers 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. AG aims to maintain its current A+ / A1 rating. International law firm Clifford Chance has advised the Siemens Group on a EUR15.2 bn bridge financing underwritten by JPMorgan Chase and UBS in connection with the acquisition of the US listed firm Varian Medical Systems, Inc. European stocks turn higher as improving economic data offset downbeat bank results MarketWatch. The price target was set to $ 160.00. Siemens Healthineers AG, a medical technology spinoff of the German conglomerate, said it would acquire U.S.-based Varian Medical Systems Inc. for $16.4 billion, roughly 25% above its current market value. This was a 5% discount to the previous share close. Varian Announces Third Quarter Fiscal … For more articles like this, please visit us at bloomberg.com, Like us on Facebook to see similar stories, ‘Flat out wrong’: White House’s Bernstein pushes back on Summers’ COVID criticism of Biden stimulus plan, This Caramelized Vietnamese Braised Pork Belly Is The Definition Of Irresistible. Varian (VAR) announced that it has entered into a definitive agreement to combine with Siemens Healthineers (SMMNY) in an all-cash transaction valued at $16.4B on a fully diluted basis. Chief Executive Officer Bernd Montag said at the end of 2019 that the company’s next acquisition would be “close to home.” “We’re not going to start doing, like, pacemakers, because it does not fit into our portfolio,” Montag said in an interview at the time. Siemens Healthineers Is Near $15 Billion Purchase of Varian in.reuters. 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