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Genentech forms special committee to “assess” Roche offer(0)

Genentech said today that its board of directors has formed a special committee to “assess” the offer from the Roche Group, its largest shareholder, to acquire all of the outstanding shares of Genentech it doesn’t already own for $89 each, according to a press release the company issued this afternoon.

The committee, made up of the board’s three directors deemed to be independent — and none of the Read the rest of this entry »

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