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Author: 1Apocalypse Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 768  
Subject: Re: Roche bidding for Genentech takeover Date: 7/23/2008 11:53 AM
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<snip>

...Roche executives met with investors and analysts Tuesday in New York to further explain the rationale for taking Genentech private and to defend their $89-a-share offer. Roche executives were to meet with Genentech management, including CEO Art Levinson, on Tuesday night.

The consensus appears to be that Roche will have to raise the offer to make the deal work.

"Minority shareholders want to be treated fairly; $89 a share is not fair value,"...

</snip>

from: http://www.thestreet.com/story/10429721/4/what-now-genentech...
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