Varian Medical (NYSE:VAR) said today that it will receive $200 million from its imaging components spin-off Varex Imaging in January as part of an updated separation deal. The spin off will be a new, stand-alone public company separated through a tax-free distribution to Varian stockholders, the company said. Varex Imaging will borrow approximately $200 million to […]
Varex Imaging
Varian Medical names spun-off imaging biz as Varex Imaging
Varian Medical (NYSE:VAR) yesterday released the name for its planned imaging component spin-off, running under the moniker “Varex Imaging.” The spin off will be a new, stand-alone public company separated through a tax-free distribution to Varian stockholders with the transaction expected to close by the end of 2016. The spun-off company will manufacture X-ray tubes, flat panel […]