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Varian Medical Systems Inc (VAR.N)

VAR.N on New York Stock Exchange

172.86USD
18 Sep 2020
Change (% chg)

$-0.64 (-0.37%)
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$173.50
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Latest Key Developments (Source: Significant Developments)

Varian Says Reverse Termination Fee Of $450 Million Will Be Payable By Siemens If Deal Is Terminated
Monday, 3 Aug 2020 

Aug 3 (Reuters) - Siemens Healthineers AG ::VARIAN - UPON TERMINATION OF DEAL, UNDER SPECIFIED CIRCUMSTANCES A TERMINATION FEE OF $450 MILLION WILL BE PAYABLE BY CO TO SIEMENS HEALTHINEERS.VARIAN - DEAL ALSO PROVIDES THAT REVERSE TERMINATION FEE OF $925 MILLION WILL BE PAYABLE BY SIEMENS TO CO IF DEAL IS TERMINATED UNDER CIRCUMSTANCES.VARIAN - DEAL PROVIDES THAT REVERSE TERMINATION FEE OF $450 MILLION WILL BE PAYABLE BY SIEMENS TO CO IF DEAL IS TERMINATED UNDER CERTAIN CIRCUMSTANCES.  Full Article

Varian Reports Q3 GAAP EPS $0.67
Sunday, 2 Aug 2020 

Aug 2 (Reuters) - Varian Medical Systems Inc ::VARIAN REPORTS RESULTS FOR THIRD QUARTER OF FISCAL YEAR 2020.Q3 NON-GAAP EARNINGS PER SHARE $0.78 EXCLUDING ITEMS.Q3 GAAP EARNINGS PER SHARE $0.67.Q3 EARNINGS PER SHARE ESTIMATE $0.52 -- REFINITIV IBES DATA.QTRLY TOTAL COMPANY REVENUES DOWN 16% IN DOLLARS AND 15% IN CONSTANT CURRENCY, TO $694 MILLION.Q3 REVENUE VIEW $664.4 MILLION -- REFINITIV IBES DATA.  Full Article

Varian To Combine With Siemens Healthineers In $16.4 Bln All-Cash Transaction
Sunday, 2 Aug 2020 

Aug 2 (Reuters) - Varian Medical Systems Inc ::PRESS RELEASE - VARIAN TO COMBINE WITH SIEMENS HEALTHINEERS IN $16.4 BILLION ALL-CASH TRANSACTION.VARIAN SHAREHOLDERS TO RECEIVE $177.50 PER SHARE IN CASH, REPRESENTING A 42% PREMIUM.TRANSACTION IS EXPECTED TO CLOSE IN FIRST HALF OF CALENDAR YEAR 2021.  Full Article

Siemens Healthineers Said To Near $15 Bln Purchase Of Varian - Bloomberg News
Saturday, 1 Aug 2020 

Aug 1 (Reuters) - :SIEMENS HEALTHINEERS SAID TO NEAR $15 BILLION PURCHASE OF VARIAN - BLOOMBERG NEWS.  Full Article

Varian Expects To Benefit From Linear Accelerator Tariff Exclusion In China
Thursday, 12 Sep 2019 

Sept 11 (Reuters) - Varian Medical Systems Inc ::VARIAN EXPECTS TO BENEFIT FROM LINEAR ACCELERATOR TARIFF EXCLUSION IN CHINA.VARIAN MEDICAL SYSTEMS INC - EXPECTS TO BE ELIGIBLE FOR A REFUND FROM TARIFFS THAT HAVE BEEN LEVIED SINCE ADDITIONAL TARIFFS WERE IMPLEMENTED.VARIAN MEDICAL - RECEIVED NOTICE FROM CHINA THAT MEDICAL LINEAR ACCELERATORS ARE EXCLUDED FROM ADDITIONAL TARIFFS CHINA IMPOSED ON U.S. PRODUCTS.VARIAN MEDICAL SYSTEMS INC - EXEMPTION WILL BECOME EFFECTIVE ON SEPTEMBER 17, 2019..VARIAN MEDICAL - WILL EVALUATE IF FURTHER COMMENTS NECESSARY AFTER COMPLETING ASSESSMENT OF IMPACT OF EXCLUSION, INCLUDING TIMING, PROCESS FOR REFUNDS.VARIAN MEDICAL SYSTEMS INC - EXCLUSION OF MEDICAL LINEAR ACCELERATORS IS RETROACTIVE.  Full Article

Varian Says Asset Purchase Deal To Buy Boston Scientific Portfolio Of Embolic Bead Assets
Tuesday, 2 Jul 2019 

July 2 (Reuters) - Varian Medical Systems Inc ::VARIAN TO EXPAND INTERVENTIONAL ONCOLOGY PORTFOLIO WITH PURCHASE OF EMBOLIC BEAD ASSET.VARIAN IS FINANCING PURCHASE PRICE OF $90 MILLION USING CASH AND PROCEEDS FROM BORROWINGS.VARIAN MEDICAL SYSTEMS - ASSET PURCHASE AGREEMENT TO ACQUIRE BOSTON SCIENTIFIC PORTFOLIO OF DRUG-LOADABLE MICROSPHERE AND BLAND EMBOLIC BEAD PRODUCTS.EXPECTS TRANSACTION TO HAVE AN IMMATERIAL IMPACT ON FISCAL YEAR 2019 FINANCIAL RESULTS.COMBINED ASSETS TO BE ACCRETIVE TO GAAP AND NON-GAAP EARNINGS PER SHARE IN FISCAL 2020.  Full Article

Varian Expands Cancer Care Solutions Portfolio With Interventional Oncology Acquisitions
Tuesday, 11 Jun 2019 

June 10 (Reuters) - Varian Medical Systems Inc ::VARIAN EXPANDS CANCER CARE SOLUTIONS PORTFOLIO WITH INTERVENTIONAL ONCOLOGY ACQUISITIONS.VARIAN MEDICAL SYSTEMS INC - CO FINANCING $185 MILLION PURCHASE PRICE USING CASH AND PROCEEDS FROM BORROWINGS FOR ACQUISITIONS.VARIAN - ACQUIRES ENDOCARE AND ALICON TO ADD CRYOABLATION AND MICROWAVE ABLATION THERAPIES AND EMBOLIC BEADS TO CANCER CARE SOLUTIONS PORTFOLIO.  Full Article

Varian And Shandong Cancer Hospital Form Proton Therapy Clinical Application, Research Partnership In China
Thursday, 9 May 2019 

May 9 (Reuters) - Varian Medical Systems Inc ::VARIAN - SIGNED STRATEGIC COOPERATION FRAMEWORK AGREEMENT WITH SHANDONG CANCER HOSPITAL IN CHINA, FOR PROTON THERAPY CLINICAL APPLICATION AND RESEARCH.  Full Article

Histosonics, Non-Invasive Robotics Pioneer, Closes $54 Mln Series C Financing
Monday, 8 Apr 2019 

April 8 (Reuters) - Varian Medical Systems Inc ::HISTOSONICS, NON-INVASIVE ROBOTICS PIONEER, CLOSES $54 MILLION SERIES C FINANCING.HISTOSONICS, DEVELOPER OF NON-INVASIVE ROBOTICS PLATFORM AND NOVEL BEAM THERAPY - CLOSED $54 MILLION SERIES C FINANCING LED BY VARIAN MEDICAL SYSTEMS.  Full Article

Varian Medical Systems Q1 GAAP Earnings Per Share $1.12
Thursday, 24 Jan 2019 

Varian Medical Systems Inc ::VARIAN REPORTS RESULTS FOR FIRST QUARTER OF FISCAL YEAR 2019.REAFFIRMS FY 2019 NON-GAAP EARNINGS PER SHARE VIEW $4.60 TO $4.75.Q1 GAAP EARNINGS PER SHARE $1.12.SEES FY 2019 REVENUE UP 5 TO 8 PERCENT.SEES FY 2019 REVENUE $3.06 BILLION TO $3.15 BILLION.Q1 EARNINGS PER SHARE ESTIMATE $1.07 -- REFINITIV IBES DATA.QTRLY NON-GAAP NET EARNINGS PER DILUTED SHARE OF $1.06.FY2019 EARNINGS PER SHARE VIEW $4.75, REVENUE VIEW $3.10 BILLION -- REFINITIV IBES DATA.RECENTLY ENACTED US/CHINA TARIFFS NEGATIVELY IMPACTED QTRLY REVENUE BY $8 MILLION AND OPERATING EARNINGS BY $11 MILLION.  Full Article

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Siemens Healthineers raises 2.73 billion euro from share sale to fund Varian deal

FRANKFURT Siemens Healthineers said on Wednesday it issued 2.73 billion euros ($3.22 billion) worth of new shares to help finance its planned takeover of U.S. peer Varian .