Roche raises Genentech bid to $45.7bn

By Nick Taylor

- Last updated on GMT

Related tags: Stock

 Roche has upped its offer for Genentech to $93 a share, believing that this will be sufficient to bring the drawn out takeover to a close.

The bid is still a long way short of the $112 that Genentech is alleged to have valued itself at, according to a Roche filing with the US Securities and Exchange Commission.

Despite this, and the possibility that positive data from Avastin trials could send Genentech’s share price over $100, Franz Humer, chairman of the Roche Group, is confident the deal will go through.

Genentech has urged shareholders not to act until the Special Committee has taken a formal position, which will happen “promptly​”.

Eight months, three bids, no deal

It is now almost eight months since Roche made its initial $43.7bn bid for Genentech, with developments since then revealing an increasingly fraught relationship.

To provide a unique overview of these developments in-PharmaTechnologist presents an interactive flipbook of the news since day one, with the headlines providing links to the complete articles.

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