January 30, 2018 / 7:01 AM / 24 days ago

BRIEF-Sirtex Medical Says Board Recommends Acquisition By Varian Medical Systems

Jan 30 (Reuters) - Sirtex Medical Ltd:

* SRX BOARD RECOMMENDS ACQUISITION BY VARIAN MEDICAL SYSTEMS

* ‍ENTERED BINDING SCHEME IMPLEMENTATION DEED WITH VARIAN MEDICAL SYSTEMS; VARIAN TO ACQUIRE SIRTEX BY WAY OF A SCHEME OF ARRANGEMENT​

* ‍ACQUISITION PRICE OF A$28.00 PER SHARE IN CASH​

* OFFER IMPLIES A FULLY DILUTED MARKET CAPITALISATION FOR SIRTEX OF APPROXIMATELY A$1.58 BILLION AND AN ENTERPRISE VALUE OF ABOUT A$1.49 BILLION

* SCHEME REMAINS SUBJECT TO REGULATORY APPROVALS, INCLUDING FOREIGN INVESTMENT REVIEW BOARD AND COMPETITION AUTHORITIES Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below