Roche once again extends tender offer for Ventana

By Lisa Kerner

Charlotte, N.C., Sept. 19 - Roche extended its offer to acquire all the outstanding common shares of Ventana Medical Systems, Inc. to 5 p.m. ET on Nov. 1 from Sept. 20.

The $75-per-share offer began on June 27 and at one time was slated to end July 26.

All other terms and conditions of the tender offer remain unchanged, according to a company news release.

Some 63,541 shares had been tendered as of the close of business on Wednesday.

It was previously reported that Ventana's board rejected the offer, calling it "inadequate" and "contrary to the best interests" of its shareholders. Roche claimed its $3 billion offer is "full and fair" and said it is committed to bringing the two companies together.

Ventana is a medical device company located in Tucson.

Roche is a Basel, Switzerland pharmaceutical and diagnostics company.

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