Roche made a fresh bid to buy Genentech this morning by offering $86.50 per share — $2.50 less than its previous offer.
Hostile bids are always good for employee morale.
Roche makes lowered, hostile offer for Genentech (AP)
(Via Yahoo! Finance: Biotechnology Industry News.)
Image courtesy of chatirygirl on Flickr
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Eben is a highly caffeinated business development associate at a small, cash sensitive pharmaceutical company somewhere in Massachusetts. He enjoys cliche-less banter, compartmentalization, non-equilibrium thermodynamics and NPV analysis. Agree or disagree with what he's posted? He encourages comments.
If one were so inclined, one could follow him at any of these fine web 2.0 establishments:
Feel free to leave a comment below. Eben loves comments. You may also subscribe to comments through this RSS Comments feed or trackback here.
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