Monday, July 21, 2008

Is Roche Lowballing Genentech’s Other Shareholders?

Roche, which already owns 56% of Genentech, just offered to buy the rest of the company for about $43.7 billion, the WSJ reports.
The offer of $89 per share in cash represents an 8.8% premium to where the stock closed on Friday, and a 19% premium to where the stock closed a month ago. At a [...]

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