BASEL, Switzerland, Jan. 31 /PRNewswire-FirstCall/ -- Roche (SWX: ROG.VX; RO.S; OTCQX; RHHBY) announced today that based on its review to date of known applicable antitrust laws, it is not aware of any such law that would prohibit its acceptance for payment of shares tendered pursuant to its outstanding Offer to Purchase shares of Ventana Medical Systems, Inc. (Nasdaq: VMSI). Accordingly, subject to satisfaction or waiver of the other conditions of the Offer, Roche intends to accept for payment Ventana shares tendered pursuant to the Offer at the scheduled expiration (7:00 p.m. EST on February 7, 2008), and to commence payment for those shares promptly.
Greenhill & Co. and Citi acted as financial advisors to Roche and Davis Polk & Wardwell acted as legal counsel.
About Roche
Headquartered in Basel, Switzerland, Roche is one of the world's
leading research-focused healthcare groups in the fields of pharmaceuticals
and diagnostics. As the world's biggest biotech company and an innovator of
products and services for the early detection, prevention, diagnosis and
treatment of diseases, the Group contributes on a broad range of fronts to
improving people's health and quality of life. Roche is the world leader in
in-vitro diagnostics and drugs for cancer and transplantation, a market
leader in virology and active in other major therapeutic areas such as
autoimmune diseases, inflammation, metabolism and central nervous system.
In 2006 sales by the Pharmaceuticals Division totaled CHF 33.3 billion, and
the Diagnostics Division posted sales of CHF 8.7 billion. Roche employs
roughly 75,000 people worldwide and has R&D agreements and strategic
alliances with numerous partners, including majority ownership interests in
Genentech
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