Shares of Varian Medical Systems Inc. slumped 0.18% to $176.03 Monday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.09% to 31,521.69 and the S&P 500 Index falling 0.77% to 3,876.50. Varian Medical Systems Inc.
Varian Medical Systems (NYSE:VAR) was downgraded by research analysts at UBS Group from a "buy" rating to an "in-line" rating in a report released on Tuesday, 24/7 WallStreet reports. Several other research analysts have also recently commented on VAR. Barrington Research cut Varian Medical Systems from an "outperform" rating to an "underperform" rating in a research report on Wednesday, October 28th.
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The European Commission has approved Siemens Healthineers' $16.4 billion acquisition of Varian Medical Systems. The deal marks Siemens direct return to the radiotherapy market 10 years after its 2011 exit. "With the EU regulatory approval of the transaction, we have taken another important step forward on the path to combining our two companies.
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On Friday, the EU antitrust regulators had cleared Siemens Healthineers' $16.4 billion buyout deal for US-based radiation oncology treatments and software manufacturer Varian Medical Systems with conditions, cementing ways for the Erlangen-based German healthcare company's move to emerge as a global leader in cancer therapy.
Shares of Varian Medical Systems Inc. inched 0.11% higher to $176.35 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.00% to 31,494.32 and the S&P 500 Index falling 0.19% to 3,906.71. Varian Medical Systems Inc.
The European Commission (EC) has given its blessing to the bid by Siemens Healthineers to acquire radiation oncology firm Varian Medical Systems. The EC approved the deal after Siemens gave assurances that it would keep its systems open to third parties.
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