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Stocks G / Genentech, Inc.


Subject:  Novartis buys 20% stake in Roche Date:  5/7/2001  8:06 AM
Author:  tworevs1 Number:  443 of 768

Just came across the article of MarketWatch:

In my opinion, it warrants close attention for Genentech shareholders. As one of the group leaders in the TMF Biotech Investing seminar, I know that many people who first investigate Genentech have reservations about the relationship between Genentecha and Roche. My research indicates that current Roche management is quite content to let Genentech manage its own affairs. But a change in ownership could lead to a change in management, which could lead to a change in this relationship.

For the moment, at least, we don't have to worry about a hostile takeover: "The Hoffmann and Oeri-Hoffmann families own 50.1 percent of Roche, giving them to (sic) block any attempt by Novartis to carry out a hostile takeover."

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