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Roche and Genetech Agree on Terms of Merger

By Donald Zuhn, Kevin Noonan, Chris Singer, Sherri Oslick, and Jason Derry

By Christopher P. Singer -- In a March 12, 2009 press release, Roche and Genentech announced that the two companies had agreed on terms of a merger agreement. According to the report, the terms of the agreement include Roche's cash acquisition of all outstanding publicly held shares of Genentech stock at $95 per share, which will total about $46.8 billion. The combined company will be the seventh largest U.S. pharmaceutical company in terms of market share, generating approximately $17 billion in annual revenues. Roche has held a majority ownership interest in Genentech for some time. Representatives from both companies indicated...

Full post as published by Patent Docs on March 13, 2009 (boomark / email).