Roche makes hostile bid for Genentech (Dealscape

Having failed to win over the Genentech Inc. board last summer, Roche Holding AG on Friday unveiled a cut-rate $42.5 billion hostile offer for the minority of Genentech that it doesn't already own.

Roche, with headquarters in Basel, Switzerland, said it would pay $86.50 per Genentech share to mop up the 44% not already under its control. That's 3% less than the $89 it offered about six months ago and also a nearly 3% discount to Genentech's Thursday close.

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NOT A SUBSCRIBER? Roche makes hostile bid for Genentech Posted on January 30, 2009 12:13 PM Having failed to win over the Genentech Inc. board last summer, Roche Holding AG on Friday unveiled a cut-rate $42.5 billion hostile offer for the minority of Genentech that it doesn't already own. Roche, with headquarters in Basel, Switzerland, said it would pay $86.50 per Genentech share to mop up the 44% not already under its control. That's 3% less than the $89 it offered about six months ago and also a nearly 3% discount to Genentech's Thursday close. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, login to your account, please scroll down and click the button. Dig deeper, with Pipeline. 1,608 Biotech/Pharma financing records 42,348 person records 1,242 company records related to Roche Holding AG 10 in depth transaction records for Genetech 10 years of news and analysis archives from the voice of The Deal Economy. Most searched keywords Deutsche Bank Skadden Arps Concho Resources Pinnacle Foods Agrium Inc. Birds Eye Cantor Fitzgerald LP Credit Suisse Windstream Corp. MBIA Inc.		EXISTING USERS Username Password Forget your password? Missing a product?

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