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Genentech rejects fresh Roche bid.

Chemical Business Newsbase

| February 25, 2009 | COPYRIGHT 2000 Elsevier Engineering Information, Inc. (Hide copyright information)Copyright

The Swiss giant Roche was rebuffed on 24 Feb 2009 in its $42 bn (GBP 29 bn) hostile bid to buy the shares it does not already own in the US biotech group Genentech. The Genentech board advised shareholders to reject the $86.50/share bid for 44% of the group, saying that the …

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