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Roche to offer $10 billion for rest of Chugai: Bloomberg

Started by riky, August 16, 2014, 09:00:22 AM

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riky

Roche to offer $10 billion for rest of Chugai: Bloomberg

<p><a href="http://news.yahoo.com/roche-offer-10-billion-rest-chugai-bloomberg-161037655--finance.html"><img src="http://l3.yimg.com/bt/api/res/1.2/DieqZzr.hNnILIkaY7thwA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-08-15T161037Z_1006950001_LYNXMPEA7E0P3_RTROPTP_2_CBUSINESS-US-CHUGAI-PHARM-ROCHE.JPG" width="130" height="86" alt="The logo of Swiss pharmaceutical company Roche is seen outside the Shanghai Roche Pharmaceutical Co. Ltd. headquarters in Shanghai" align="left" title="The logo of Swiss pharmaceutical company Roche is seen outside the Shanghai Roche Pharmaceutical Co. Ltd. headquarters in Shanghai" border="0" /></a>(Reuters) - Roche Holding AG is in talks to buy the almost 40 percent stake in Japan's Chugai Pharmaceutical Co Ltd that it does not already own for about $10 billion, Bloomberg reported, citing people familiar with the matter. The Swiss group could announce a deal to take full control of its Japanese partner for oncology and arthritis drugs as early as next week, although no final decision has been made, Bloomberg said. Roche Chief Executive Severin Schwan was asked about such a move in April 2013 but said then he had no plans to change the company's holding in Chugai, which has been a subsidiary since 2002.</p><br clear="all"/>

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