Agilent To Pay $1.5 Billion For Varian
Santa Clara-based Agilent Technologies and Palo Alto-based Varian said this morning that the two are in a definitive agreement where Agilent will pay $1.5 billion for Varian, a developer of scientific instrumentation for the life science and other markets. Agilent will pay $52 in cash per share of Varian common stock. The firms said that their boards have unanimously approved the offer, which is a premium of approximately 35% on Varian's closing price on Friday. Agilent said the buy would broaden its products in the life science, environmental, and energy and materials segments of its business.
posted on Monday, July 27, 2009
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