Varian announced it has received clearances from the U.S. antitrust authorities and the German Federal Cartel Office (FCO) on the proposed acquisition of all of the outstanding shares in Sirtex Medical Limited (ASX: SRX) (“Sirtex”). The U.S. antitrust authorities granted early termination of the waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976. The German FCO cleared the proposed acquisition after determining it does not violate the Act Against Restraints of Competition.
On January 29, 2018, Varian and Sirtex announced they had entered into an agreement for Varian to acquire all of the outstanding shares in Sirtex. The transaction, which is expected to close in late May 2018, is still subject to the approval of the Sirtex shareholders, the Federal Court of Australia and other customary closing conditions, including other applicable regulatory approvals.
