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Varian Medical Acquires Sirtex for $1.3 Billion: Highlights

Sarah Collins
Varian Medical Acquires Sirtex for $1.3 Billion: Highlights

On January 30, 2018, Varian Medical Systems (VAR) announced that it had signed an agreement to acquire Australia-based Sirtex Medical Limited for 28 Australian dollars per share in cash, amounting to a total purchase price of $1.3 billion. As per the deal, Varian will acquire all outstanding shares of Sirtex, which is listed on the Australian Securities Exchange. Sirtex is a global life sciences company that’s focused on interventional oncology therapies.