Roche Says RiskMetrics Backs Genentech Takeover At $95/Share
March 24 2009 - 1:08PM
Dow Jones News
Roche Holding AG (RHHBY) said Tuesday RiskMetrics recommends
Genentech Inc. (DNA) shareholders accept the Swiss drug company's
$95-a-share takeover offer.
The $46.8 billion purchase for the 44% of Genentech Inc. (DNA)
Roche doesn't already own was ultimately reached through a friendly
deal two weeks ago after a nearly eight-month battle.
RiskMetrics provides proxy voting recommendations and other
shareholder services.
Company Web site: www.roche.com
-By Katharina Bart, Dow Jones Newswires; +41 43 443 8043;
katharina.bart@dowjones.com