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Siemens Healthineers raises $3.2b from share sale

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Siemens Healthineers disclosed it issued $3.22 billion worth of new shares to help finance its planned takeover of U.S. peer Varian.

 

The firm announced in a statement it had issued the shares at 36.40 euros each. The total amount raised excludes any deduction in commissions and expenses.

The German healthcare group last month agreed to buy Varian in a $16.4 billion deal, seeking to create a global leader in cancer diagnostics and radiotherapy.

The company said that the transaction, an accelerated book-building process for institutional investors, will increase Healthineers’ share capital by up to 7.5%, within the limits of what has been pre-authorized by shareholders.

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