Navigate this market better. Subscribe for FREE stock alerts and information.

Friday, February 6, 2015

BRIEF-MeVis Medical Solutions recommends all MeVis shareholders to accept VMS takeover offer, (NYSE: VAR)

MeVis Medical Solutions AG * Voluntary public takeover offer of VMS Deutschland Holdings GmbH* Says Varian Medical Systems is seen as reliable partner for MeVis' development* Says executive board and supervisory board welcome offer* Regards offered cash consideration of 17.50 euros ($20) per share appropriate and is of opinion that transaction is in interest of MeVis Medical Solutions AG and their shareholders

Varian Medical Systems, Inc. is a manufacturer of medical devices and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy and brachytherapy. Shares of VAR traded higher by 0.15% or $0.14/share to $92.05. In the past year, the shares have traded as low as $76.73 and as high as $95.70. On average, 735421 shares of VAR exchange hands on a given day and today's volume is recorded at 757363.