BERLIN (Reuters) – German health group Siemens Healthineers (SHLG.DE) said on Sunday it would acquire Varian Medical Systems Inc (VAR.N) in a deal that values the U.S. maker of devices and software fortreating cancer at $16.4 billion.

Under the agreed deal, Siemens Healthineers would acquire all shares in Varian at $177.50 in a cash, which represents a 24% premium to the American company’s closing price on Friday.

Reporting by Douglas Busvine; Editing by Gareth Jones

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