Roche’s pursuit of Ventana continues
This article was originally published in The Gray Sheet
Executive Summary
Roche will seek election of alternative Ventana board members at the latter firm's next annual shareholder meeting, slated for June 2008, as part of an ongoing effort to acquire the cancer test maker, Roche says Dec. 5. The firms entered into a confidentiality agreement Nov. 13 so that Roche could commence a due diligence review of Ventana's business after Roche initiated a hostile $3 billion takeover offer last June (valued at $75 per share). Ventana rejects the offer as inadequate (1"The Gray Sheet" Nov. 19, 2007, In Brief)