Roche set to close offer for Ventana

By Lisa Kerner

Charlotte, N.C., Jan. 31 - Roche said it intends to accept for payment Ventana Medical Systems Inc. shares tendered under its offer ending Feb. 7 at 7 p.m. ET.

The company is not aware of any applicable antitrust laws that would prohibit Roche from accepting the shares, according to a company news release.

It was previously reported that under the Jan. 22 agreement, Roche increased the purchase price in its tender offer for Ventana to $89.50 per share in cash, or some $3.4 billion, from $75.00 per share.

Ventana is a medical device company located in Tucson, and Roche is a Basel, Switzerland-based pharmaceutical and diagnostics company.

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