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DNA Doric Nimrod Air One Limited

60.00
0.00 (0.00%)
20 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Doric Nimrod Air One Limited LSE:DNA London Ordinary Share GG00B4MF3899 ORD PRF SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 60.00 59.00 61.00 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Roche Completes Genentech Takeover, Holds 93.2%

26/03/2009 7:05am

Dow Jones News


Doric Nimrod Air One (LSE:DNA)
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Swiss drugmaker Roche Holding AG (ROG.VX) said Thursday it holds 93.2% of Genentech Inc. (DNA) shares following the completion of its tender offer, with 3%more guaranteed for delivery.

The Basel-based company said it will merge as "soon as practical", after which the remaining shareholders will be squeezed out and Genentech shares will cease trading.

Roche first launched a bid on the 44% of Genentech shares it didn't already own in July, 2008, offering $89/share which the U.S. biotech firm snubbed as too low. Roche lifted its takeover offer to $95/share earlier this month, which Genentech recommended its stockholders to accept.

Roche shares closed at CHF148.80 Wednesday.

Company Web Site: http://www.roche.com

-By Hans Schoemaker, Dow Jones Newswires; +41-43-4438045; hans.schoemaker@dowjones.com

 
 

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