Roche agrees to buy GenMark Diagnostics in $1.8 billion deal

Roche will buy GenMark Diagnostics, a U.S.-based maker of molecular diagnostic tests in a $1.8 billion deal, the Swiss pharmaceuticals manufacturer said on Monday.

Roche said it will launch a tender offer to fully acquire GenMark at a price of $24.05 per share in an all-cash transaction. The price represented a premium of 43% on GenMark’s closing share price on Feb. 10, before media speculation about a deal, Roche said.

Roche said the acquisition, which has been approved by the boards of both companies, is expected to be completed during the second quarter of 2021.

Read more at Reuters

By John Revill, Riham Alkousaa and Sherry Jacob-Phillips

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