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Roche Seeks To Increase Holding In Chugai To 59.9 Percent

This article was originally published in PharmAsia News

Executive Summary

Roche plans to buy nearly 10 percent more of Japan's Chugai Pharmaceutical. Roche's plan is to boost its 50.1 percent stake in Chugai to 59.9 percent through a one-month tender offer to shareholders. The two companies have been tied for several years through an alliance that led to Roche turning Chugai into a subsidiary. The original 2001 agreement gave Roche the option of increasing its holdings to 59.9 percent after six years. (Click here for more - a subscription may be required
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