Varian Medical Systems (VAR) Completes Varex Imaging (VREX) Spin-Off

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Varian Announces Successful Separation of Imaging Components Business

January 30, 2017 8:30 AM EST

PALO ALTO, Calif., Jan. 30, 2017 /PRNewswire/ -- Varian Medical Systems (NYSE: VAR) today announced it has successfully completed the separation of its Imaging Components Business, which is now established as Varex Imaging Corporation (NASDAQ: VREX). The transaction was completed via a distribution of Varex stock to Varian stockholders of record on January 20, 2017.

Under the terms of the separation, Varian stockholders received 0.4 shares of Varex for every one share of Varian they held as of the record date of January 20, 2017.  Varex shares were... More