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Roche extends offer period for Ventana to Jan 17 2008; conditions unchanged


Published : Tue, 30 Oct 2007 07:16
By : Agencies
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BASEL (Thomson Financial) - Roche Holding AG has extended its takeover offer for Ventana Medical Systems Inc to Jan 17, 2008, from Nov 1, 2007, representing the fourth extension of the offer.

The Basel-based pharma group is still offering 75 usd per Ventana share, representing a 44 pct premium over Ventana's share price prior to the takeover offer.

For its part, Ventana has once again rejected Roche's takeover offer as 'hostile'.

andrew.ge.thompson@thomson.com

at/hmn/jlw

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Copyright Thomson Financial News Limited 2007. All rights reserved.

The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.

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