Varian stockholders say yes to Agilent's $52-per-share cash offer

By Lisa Kerner

Charlotte, N.C., Oct. 6 - Varian, Inc. said its stockholders approved the company's merger with Agilent Technologies, Inc. at a special meeting on Monday.

According to Varian, holders of approximately 84% of its common stock outstanding as of the Aug. 12 record date voted in favor of the deal.

In July, Agilent announced it will acquire Varian for $52 cash per share, or approximately $1.5 billion.

As previously reported, the Federal Trade Commission asked for more information regarding the proposed merger, effectively extending the Hart-Scott-Rodino waiting period until 30 days after the companies have "substantially complied" with the request.

Based in Santa Clara, Calif., Agilent Technologies provides core bio-analytical and electronic measurement solutions to the communications, electronics, life sciences and chemical analysis industries.

Varian makes scientific instruments and vacuum products. The company is located in Palo Alto, Calif.

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