Deals
Roche Seeks ‘Targeted Acquisitions,’ Not Abbott-Sized Deal
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Roche Holding AG will maintain a strategy of “targeted acquisitions” and isn’t seeking a mega-merger, Chief Executive Officer Severin Schwan said in comments that may rule out a bid for Abbott Laboratories’ prescription-drug spinoff.
“We’ve focused on smaller, bolt-on acquisitions,” Schwan said in an interview today in Frankfurt when asked whether an acquisition of a portion of Abbott’s 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.”