Siemens Healthineers expands into cancer care with $16.4 billion deal for Varian
The deal is the first major growth move by Healthineers since it was spun off and floated by Siemens (SIEGn.DE), which is undertaking a broader shakeup of its conglomerate structure to create room for its business units to do their own deals.

Siemens, which will retain control over Healthineers, will provide bridge financing for the deal that will be partly refinanced by a rights issue by the medical technology unit later this year.

Under the agreed transaction, Healthineers will acquire all shares in Varian for $177.50 each in cash, representing a 24% premium to the U.S. company’s closing price on Friday and 42% above its 30-day weighted average.

Check this link : https://www.reuters.com/article/us-varian-med-syst-m-a-siemens-health-st/siemens-healthineers-to-acquire-varian-for-164-billion-idUSKBN24Y08W