Analyst: Avastin Data Could be 'Wild Card'
Roche Goes Hostile, Takes Lower Offer to Genentech Shareholders
By Jennifer Boggs
Monday, February 2, 2009
With negotiations seemingly at a stand-still six months after Genentech Inc. rejected as too low a $44 billion buyout offer from majority holder Roche Holdings AG, the Swiss drugmaker clearly hopes to set the deal back in motion, but analysts say it's doubtful the biotech's minority shareholders will be amenable to a reduced bid. (BioWorld Today)
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