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CDH Investments Proposed to Acquire Sirtex Medical for $1.4 Billion

publication date: May 4, 2018

Sirtex Medical Limited announced it had received an unsolicited proposal from CDH Investments, a major Chinese asset management firm, to acquire Sirtex for $1.4B.  CDH made a cash offer for the public Australian oncology treatment device company for $25.15 per share, a 14.2% premium to its closing price. Previously, Varian Medical Systems, Inc., an American radiation equipment provider, made an acquisition offer at $20.96 per share in January. Although CDH’s offer was 20% higher, the Directors of Sirtex said they continue to believe the Varian deal is in the best interest of its shareholders. More details....

Stock Symbol: (ASX: SRX)

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