Finance / United States
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Roche Offers US$43.7bn for Genentech
July 2008 | In The NewsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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In a deal that could blow the rest of 2008's pharmaceutical acquisitions out of the water, Swiss drugmaker Roche has offered to buy the remaining shares US biotechnology giant Genentech for US$43.7bn. Roche - which currently owns a majority 55.9% share in the US firm - offered US$89 per share, an 8.8% premium on closing price.