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Australia's Sirtex gets regulatory nod for Chinese buyout

Published 03/07/2018, 04:25 pm
Updated 03/07/2018, 04:30 pm
© Reuters.  Australia's Sirtex gets regulatory nod for Chinese buyout
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July 3 (Reuters) - Sirtex Medical SRX.AX said on Tuesday Australia's foreign investment regulator had approved its $1.4 billion buyout by a Chinese consortium.

The company had agreed last month to an offer from Beijing-based CDH Investments and its partner, China Grand Pharmaceutical and Healthcare Holdings 0512.HK , which trumped a bid from U.S.-based Varian Medical Systems (NYSE:VAR) VAR.N .

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