Varian Acquisition Update
Earlier this year, Varian extended the merger agreement until April (see IBO 1/31/10). Varian has noted that the pending acquisition has affected sales growth.
Washington, DC 4/13/10; Washington, DC 4/23/10—Agilent Technologies’ $1.5 billion acquisition of Varian, which was initially expected to close last year after being announced in July 2009 (see IBO 7/31/2009), may not close until May. Earlier this month, in a filing with the SEC, Agilent disclosed that the transaction was expected to close in either late April or early May. A Varian SEC filing on April 23 stated that Varian had provided written notice to Agilent that it had extended the end date of the merger agreement by 90 days to July 25.