Varian Stockholders Approve Sale
In mid-September, Agilent and Varian announced that they had received requests for additional information from the US Federal Trade Commission related to the merger’s approval. The transaction is expected to close by the end of the year.
Palo Alto, CA 10/6/09—Varian stockholders have voted at a special meeting on October 5 to approve the merger agreement with Agilent Technologies. Agilent plans to acquire Varian for $52 per share, or approximately $1.5 billion (see IBO 7/31/09). Approximately 84% of the shares of Varian common stock outstanding as of August 15 voted to adopt the agreement. The transaction remains subject to regulatory approvals and other closing conditions.