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Roche buys US diagnostics firm Ventana for $3.4 billion
Saudi Press Agency Published in Saudi Press Agency on 22 - 01 - 2008

Roche Holding AG said Tuesday it will acquire U.S.-based medical diagnostic product maker Ventana Medical Systems Inc. for US$3.4 billion (¤2.36 billion).
The deal was reached after Roche raised its offer per
share by about 19 percent to US$89.50 (¤62.08) from US$75
(¤52.02) per share, the Swiss pharmaceuticals company said.
Ventana's board of directors, which had previously rejected Roche's advances, will recommend that shareholders accept the offer, according to a joint statement by the two companies quoted by the Associated Press.

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