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Varian to make healthcare division a stand-alone business

This article was originally published in Clinica

Executive Summary

Varian Associates is to split its three divisions, allowing each to function as separately-quoted public companies. The oncology and imaging business of the US company will be floated, along with its instrumentation and semiconductors businesses, in order to derive a quantifiable increase in shareholder value from the group. The plan also protects the other two divisions from the drag of the poorly performing semiconductor business, which faces a worldwide overcapacity and pricing slump.

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