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Drug Giant Roche Seals the Deal For Ventana Medical Systems (Based in Tucson)
Swiss drug giant Roche has virtually locked up smaller local Ventana Medical Systems, based in Oro Valley, Arizona. The deal was for $89.50 per share. Based in Basel, Switzerland, Roche tried persuasion with Ventana for over a year, then made a hostile bid in June of 2007. Finally after much negotiation, they came to terms for the company at the $89.50 per share level. Ventana Medical Systems has more than 800 employees worldwide, and 660 of those reside in Oro Valley, Arizona. Ventana develops medical equipment for cancer detection.