NEW YORK (GenomeWeb) – Roche announced this week that it has commenced a cash tender offer for all of the outstanding shares of common stock of Ignyta for $27 per share. The tender offer is being made pursuant to a merger agreement entered into by Ignyta and Roche on Dec. 21, and will expire on Feb. 7. Following successful completion of the tender offer, any shares not acquired will be acquired in a second step merger at the same price of $27 per share. The closing of the transaction is expected to take place in the first half of 2018.

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