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Ventana Shareholders Tender 70.5 Percent of Shares to Roche

Feb 08, 2008
NEW YORK (GenomeWeb News) – Shareholders of Ventana Medical Systems have tendered 25.5 million shares, or 70.5 percent of Ventana’s outstanding stock, as of the close of the tender offer last night.
 
In January, after several months of pursuing Ventana, Roche finally reached an agreement to acquire the tissue-based diagnostics products firm for approximately $3.4 billion, or $89.50 per share. That was up from its previously rejected bid of $75 per share.
 
Roche said that it has opened a subsequent offering period, which ends 7:00 PM EST on Feb. 15, to acquire the remaining shares that have not been tendered.

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