Friday, January 30, 2009

Roche Going Hostile On Genentech

Roche is going hostile by offering Genentech (Ticker: DNA) shareholders $86.50 per share via a tender offer! My response: Sure, just steal my shares… NOT! What a joke, are they serious or just fooling around? Anyways, any competent Genentech shareholder will not tender their shares to Roche (Ticker: RHHBY.PK) at such a low price. This hostile offer is just to get Genentech’s attention so they can come to the table and negotiate a friendly offer. You can bet that Genentech will strike back. They’re not going to get pushed around by Roche.


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