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Roche buys Madison-based NimbleGen for $272.5M (AP)

MADISON, Wisconsin: Gene-chip maker NimbleGen Systems Inc. said Tuesday it will be bought out by pharmaceutical giant Roche in a deal worth $272.5 million (â?¬203.3 million).

Madison, Wis.-based NimbleGen announced in March it would file for public offering and had hoped to raise $75 million (â?¬56 million). But the company remained private and will be sold in its entirety to Roche, it announced in a news release.