NEW YORK (GenomeWeb News) — Ventana Medical Systems’ board of directors has advised stockholders to reject Roche’s unsolicited, $3 billion bid to buy the company on the grounds that the $75-a-share offer is “inadequate in multiple respects and contrary to the best interests of Ventana’s stockholders,” the board stated this morning.
Ventana’s closing price on June 25 was $51.74 a share, the day Roche made its offer.

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