BASEL (Thomson Financial) - Roche Holding AG expects its agreed takeover of
Ventana Medical Systems Inc to close in the second half of 2008, CEO-designate
Severin Schwan said.
The company will continue to be based in Tucson, Arizona, and chief
executive Chris Gleeson will remain at the helm, Schwan said.
Additionally, Gleeson will join Roche unit Diagnostics' executive committee,
he added.
The Basel-based drug maker had recently hiked its tender offer to 89.50 usd
per Ventana shares, thus gaining support of the US company's management.
andrew.ge.thompson@thomson.com
at/ejp
COPYRIGHT
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.
|