Friday, March 06, 2009

Roche Trying To Get Friendly With Genentech?

Ok, so Roche (Ticker: RHHBY.PK) is coming to its senses just a bit by increasing the bid for Genentech (Ticker: DNA) to $93 per share. I’ve been nibbling at Genentech for the past few weeks and have built a decent position. In any case, $93 is still TOO LOW for me and will not tender for $93. You can just see the desparation from Roche in trying to close this deal asap. Roche needs to go $100+ to make this deal happen.


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