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Roche - seeking "targeted acquisitions"

http://www.bloomberg.com/news/2011-10-21/roche-seeks-targeted-acquisitions-not-abbott-sized-deal.html?cmpid=yhoo

Roche Seeks ‘Targeted Acquisitions,’ Not Abbott-Sized Deal

By Naomi Kresge - Oct 21, 2011 5:51 AM CT

Roche Holding AG (ROG) will continue to pursue a strategy of “targeted acquisitions” to complement its existing portfolio and isn’t seeking a mega-merger, Chief Executive Officer Severin Schwan said today.

“We’ve focused on smaller, bolt-on acquisitions,” Schwan said in an interview in Frankfurt after being asked whether an acquisition of a portion of Abbott Laboratories (ABT)’ business is attractive. “That’s how I see us continuing in our M&A strategy. We are not interested in mega-mergers. We are interested in very targeted acquisitions which complement our technologies and portfolios.”