Sirtex accepts CDH acquisition offer, moves away from Varian

In the ongoing back-and-forth to acquire Sirtex Medical (ASX:SRX), it seems that Varian Medical‘s (NYSE:VAR) $1.2 billion bid just wasn’t enough. Varian said today that it heard from Sirtex that the company’s board couldn’t turn down the $1.41 billion unsolicited offer from China’s CDH Investments. The bid from CDH Investments came in at a 20% premium on Varian’s A$28-per-share offer, prompting Sirtex to reconsider a merger that already had approval from U.S. antitrust authorities and the German Federal Cartel Office. Get the full story at our sister site, Drug Delivery Business News. The post Sirtex accepts CDH acquisition offer, moves away from Varian appeared first on MassDevice.
Source: Mass Device - Category: Medical Devices Authors: Tags: Drug-Device Combinations Mergers & Acquisitions Oncology Wall Street Beat CDH Investments Sirtex Medical Varian Medical Systems Source Type: news