Navigation Links
Roche Increases Offer Price for Genentech Shares to US$ 93.00 per Share and Extends Offer
Date:3/6/2009

BASEL, Switzerland, March 6 /PRNewswire/ -- Roche (SWX: ROG.VX; RO.S) announced today that it has increased its offer price for all outstanding publicly-held shares of Genentech (NYSE: DNA) to US$ 93.00 per share and extended the offer to 12:00 midnight, New York City time, on Friday, March 20, 2009. All other terms and conditions of the tender offer remain unchanged.

Franz B. Humer, Chairman of the Roche Group, said: "Based on conversations with Genentech shareholders, we believe that there is a strong sentiment to bring this process to a conclusion. As a result, we are increasing our price to US$ 93 per share to maximize shareholder participation and will proceed quickly to complete all necessary financing. We now look forward to successfully completing the transaction."

The Offer to Purchase, Letter of Transmittal and other offering documents have been filed with the U.S. Securities and Exchange Commission. Genentech stockholders may obtain copies of all of the offering documents, including the Offer to Purchase, free of charge at the SEC's website (www.sec.gov) or by directing a request to MacKenzie Partners, Inc., the Information Agent for the offer, at (212) 929-5500 or (800) 322-2885 (Toll-Free).

As of the close of business on March 5, 2009, approximately 500,000 shares have been tendered pursuant to the offer.

Additional information about the transaction, including the offering documents, is available at www.transactioninfo.com/roche.

Greenhill & Co. is acting as financial advisor to Roche and Davis Polk & Wardwell is acting as legal counsel in connection with the tender offer.

About Roche

Headquartered in Basel, Switzerland
'/>"/>

SOURCE Roche
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4

Related medicine news :

1. Rochester Medical Renews Share Repurchase Activity
2. Access Pharmaceuticals Closes Acquisition of MacroChem Corp.
3. University of Rochester Launches iTraining for Emergency Responders
4. Roche Announces Significant Price Reduction of Two ACCU-CHEK(R) Glucose Monitoring Kits to Help Customers With Diabetes During These Difficult Economic Times
5. Rochester Medical Reports First Quarter Results
6. Rochester study raises new questions about controversial plastics chemical
7. University Medical Pharmaceuticals Appoints Tom Roche as Senior Vice President, Global Sales and Marketing
8. Rochester Medical Announces First Quarter 2009 Earnings Conference Call February 2, 2009
9. Rochester Medical Announces Settlement With TYCO Healthcare Group, L.P., Now Operating as Covidien Ltd.
10. Growth Opportunities for Actemra Will Propel Roche to Sixth Position in the Rheumatoid Arthritis Market by 2012
11. Roche Offers Fun Experience with ACCU-CHEK(R) Aviva Through New Rock My Meter Website
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/20/2014)... The festival season is coming soon. The high-end fashion designer ... cocktail dresses . A lot of sophisticated women like its ... new promotion for its high quality clothes. Now, each of ... 20 to 71 percent off. , The company’s cocktail ... provided in many fashionable colors. Mary, the company’s sales manager, ...
(Date:9/20/2014)... September 20, 2014 New PharmaPoint ... Market Analysis to 2023?. The asthma market saw ... it has become saturated with relatively efficacious standard ... (ICSs), inhaled corticosteroids and long-acting beta-agonists (ICS/LABAs), and ... generic competition. However, the launch of seven novel ...
(Date:9/20/2014)... 20, 2014 iFitDress.com, the popular online ... women, has recently unveiled its new collection of cocktail ... for special offer on these new outfits; it intends ... All customers can now buy cheap cocktail dresses ... sales representative says, “We have extensive experience in the ...
(Date:9/20/2014)... 2014 The excitement is building up once again ... Carolina. This year the Surry Arts Council will be celebrating ... the country who are still fans of the Andy Griffith Show. ... that aired on CBS from 1960 through 1968. The show ... television history. Mount Airy, North Carolina is where the show ...
(Date:9/20/2014)... (PRWEB) September 20, 2014 "As a nurse, ... their tanks," said an inventor from Tamaqua, Pa. "The reason ... on the backs of their chairs. My invention enables them ... the Kam Oxygen Sensor to make it easier to monitor ... the user knows when the tank is low. It allows ...
Breaking Medicine News(10 mins):Health News:High-end Fashion Designer BellasDress Offers Luxurious Cocktail Dresses For Sophisticated Women 2Health News:Symbicort Asthma Market Forecasts to 2023 - Overview, Efficacy, Safety & SWOT Analysis in New Report Available at LifeScienceIndustryResearch.com 2Health News:Symbicort Asthma Market Forecasts to 2023 - Overview, Efficacy, Safety & SWOT Analysis in New Report Available at LifeScienceIndustryResearch.com 3Health News:Symbicort Asthma Market Forecasts to 2023 - Overview, Efficacy, Safety & SWOT Analysis in New Report Available at LifeScienceIndustryResearch.com 4Health News:Fashionable Cocktail Dresses Unveiled Online at iFitDress.com 2Health News:Mayberry Days Parade Cars will be Provided by Mount Airy Toyota and Mount Airy Chrysler Dodge Jeep Ram 2
... imaging developed by researchers at Duke University,s Pratt School ... better than those made with traditional ultrasound, according to ... suggests that the imaging method known as Acoustic Radiation ... for screening patients at increased risk for liver cancers, ...
... Cardiovascular problems surfaced in people with no history of ... People with no history of heart problems who felt ... to heart problems in the three years following the ... trigger an immediate lethal heart attack in some people, ...
... Wellness Solutions DVD Series Offer Integrative Health ... Solutions for Ten Chronic Medical Conditions, BROOMFIELD, Colo., Jan. ... with more than 46,percent of the fitness and wellness market, ... of DVDs focused on providing,integrative health solutions for ten chronic ...
... SAN DIEGO, Jan. 7 Calorie-conscious, health-minded,Americans ... new ally to support them in following,through ... nutrition information about healthier choices at a ... restaurants from fast food to,upscale dining establishments ...
... / Cariani /,Lindsay, a leading, national executive and board ... Partner. She will be based in the,Firm,s Los Angeles ... sectors., Prior to joining HNCL Search, Vicky was ... Before Warner Bros., she,spent six years at Heidrick & ...
... The Columbia Center for Childrens Environmental Health (CCCEH) ... has received a $10.4 million grant from the ... study environmental contributors to childhood asthma. The ... called Disease Investigation through Specialized Clinically-Oriented Ventures in ...
Cached Medicine News:Health News:High-energy ultrasound sharpens view of liver tumors 2Health News:High Levels of Stress After 9/11 Raised Heart Disease Risk 2Health News:High Levels of Stress After 9/11 Raised Heart Disease Risk 3Health News:Gaiam Inc., The Leader in Innovative Lifestyle Solutions, Announces New DVD Series Created with Mayo Clinic 2Health News:Gaiam Inc., The Leader in Innovative Lifestyle Solutions, Announces New DVD Series Created with Mayo Clinic 3Health News:Online Resource Keeps Restaurant Diners on Track After New Year's Hype Subsides 2Health News:Vicky Goldberg Joins Executive and Board Search Firm Hodge / Niederer / Cariani / Lindsay 2Health News:Columbia Center for Children's Environmental Health receives NIEHS grant to study asthma 2Health News:Columbia Center for Children's Environmental Health receives NIEHS grant to study asthma 3Health News:Columbia Center for Children's Environmental Health receives NIEHS grant to study asthma 4
(Date:9/19/2014)... Sept. 19, 2014 A pharmaceutical executive in ... with three issues he wanted the research and consulting ... external personnel (especially for secondary research) to maximize efficiency ... of increased workload , Automation of market research ... , How to implement and manage those automated ...
(Date:9/19/2014)... /PRNewswire-iReach/ -- Market Research Report on Global ... a professional and in-depth market survey on ... report firstly reviews the basic information of ... manufacturing technology. The report then explores global ... listing their product specification, capacity, Production value, ...
(Date:9/19/2014)... Kiromic, LLC, a Lubbock bio-pharmaceutical company, ... former chancellor of Texas Tech University, to its board as ... after raising $1.2 billion for the university. "Kiromic ... most successful chancellor in the history of Texas Tech University, ... but also as our new vice chairman of the board. ...
Breaking Medicine Technology:In Era of Competing Needs, Market Research Groups Under Pressure to Utilize Automation and External Staffing 2Oxybutynin Hydrochloride Industry 2014-2019 Chinese Forecasts & Analysis 2Oxybutynin Hydrochloride Industry 2014-2019 Chinese Forecasts & Analysis 3Oxybutynin Hydrochloride Industry 2014-2019 Chinese Forecasts & Analysis 4Oxybutynin Hydrochloride Industry 2014-2019 Chinese Forecasts & Analysis 5Former Texas Tech Chancellor Named New Vice Chairman of the Board of Kiromic, LLC 2
The most comfortable and easy to use apron in the industry. This front protection apron comes with a fully adjustable snap-on 5" orthopedic belt to relieve weight off your shoulders. Velcro strap acr...
Unique criss-cross strapping. The MSV-10 is our most popular model. Extra wide Velcro ensures a wide variety of adjustments and easy closing....
Designed to be removed from under surgical gown without compromising sterile fields. Two straps criss-cross in the back and attach with velcro in the front....
Weight is evenly distributed by fully adjustable velcro straps that cross in the back. Adjustable back velcro keeps apron snug....
Medicine Products: