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Siemens Arm’s $16.4 Billion Varian Deal Opens Path to DAX

  • The acquisition is health-care sector’s biggest so far of 2020
  • Healthineers could move up to Germany’s benchmark index
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WATCH: CEO Bernd Montag discusses Siemens Healthineers’ agreement to buy Varian Medical Systems.(Source: Bloomberg)
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The $16.4 billion purchase of Varian Medical Systems not only gives Siemens Healthineers AG an entry into cancer treatment -- one of the hottest areas in medical technology -- but also opens a potential path into Germany’s benchmark DAX index.

“We’ll create additional free float which eventually will lift us into the DAX,” Chief Executive Officer Bernd Montag said in an interview with Bloomberg TV. “We are very certain about this transaction, it’s the right time, and we are super confident about financing.”