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Radiation player Varian to buy Sirtex for $1.3B to expand into interventional oncology

By Stacy Lawrence
Staff Writer

Wednesday, February 7, 2018

Palo Alto, Calif.-based Varian Medical Systems will acquire Sirtex Medical Ltd. for about A$1.6 billion (US$1.3 billion). Shares of the acquirer remained flat on the announcement, perhaps because the deal was viewed as somewhat predictable and expensive by investors. Varian also recently had a share price bounce of about 13 percent on better-than-expected performance in its Jan. 24 earnings.

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