Roche's offer for Genentech surprises workers, analysts

07/21/2008 | Wall Street Journal, The · CNNMoney · Reuters

Genentech's executives have not commented on Roche Holding's $43.7 billion takeover bid, but some employees are concerned that the offer was too sudden and could unsettle the companies' partnership. Analysts expect Roche to make a higher bid, one that reflects the potential of the U.S. biotech firm's pipeline. Roche's move could encourage other major drugmakers to consider acquiring profitable biotech pioneers, industry experts said.

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Wall Street Journal, The · CNNMoney · Reuters

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