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Article: Roche rebuffs Novartis's latest advance. (M & A).
- Article from:
- Chemical Week
- Article date:
- February 5, 2003
- Author:
CopyrightCOPYRIGHT 2003 Access Intelligence, LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Roche has again refuted speculation that it may merge with Novartis, after Novartis announced that it had raised its stake in Roche substantially and is interested in a deal. Novartis says it bought 11.4% of Roche during 2002, raising its stake in the company to 32.7% (CW, Jan. 29, p. 8). The announcement reignited speculation that Novartis is planning a takeover bid for Roche. The speculation first arose in 2001, when Novartis bought the original 21.3% stake.
Descendants of the founding Roche family, who own 50.1% of Roche, "have absolutely no interest in the possible fusion that Novartis has suggested," says Fritz Gerber, former CEO of Roche and president of ...
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Article: ROCHE AND NOVARTIS INCREASE INVESTMENT IN CHINA
AsiaInfo Services;
November 29, 2005 ;
347 words
... ... Services 11-29-2005 Roche and Novartis Increase Investment ... pharmaceutical giants, Roche Group and Novartis Group, are respectively ... million in China and Novartis injected CHF 250 million. Recently, Roche opened a plant in Shanghai ...
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