Siemens Healthineers plans two-step €7.5 billion capital hike for Varian acquisition: Sources

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Siemens Healthineers plans a two-step capital increase to raise 7.5 billion euros (US$8.80 billion) via share placements to help finance its ...

MUNICH: Siemens Healthineers plans a two-step capital increase to raise €7.5 billion via share placements to help finance its acquisition of Varian Medical Systems, sources close to the matter said on Monday .

Healthineers said on Sunday that it would pay US$177.50 each for Varian shares, a 24 per cent premium to the shares' closing price on Friday.Healthineers said it plans to raise roughly €7.5 billion in equity to finance the deal, with the remainder coming from debt that parent Siemens will provide.To avoid raising the money through a rights issue, Healthineers plans to place up to 10per cent of shares on the market using its authorised capital later this year.

 

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Siemens Healthineers plans two-step 7.5 billion euro capital hike for Varian acquisition: sourcesSiemens Healthineers plans a two-step capital increase to raise 7.5 billion euros (US$8.80 billion) via share placements to help finance its ...
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