More: Genia Technologies Inc.
Drug-development powerhouse Roche will buy DNA sequencing system developer Genia Technologies Inc. for as much as $350 million, according to terms of a deal disclosed Sunday.
Roche, the Swiss parent company of South San Francisco’s Genentech Inc. whose $6.7 billion bid was rejected two years ago by gene-sequencing equipment maker Illumina Inc., will pay $125 million upfront for Mountain View’s Genia. It will pay Genia shareholders up to $225 million if Genia’s semiconduc ...
Jun 2 2014, 1:26am CDT
Source: San Jose Business Journal
Source: bidness etc
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