Thursday, February 19, 2009

Roche Holdings sells bonds to take over Genentech

As reported by the New York Times this morning, Roche Holdings generated $16 billion after selling off bonds. This will contribute to the funds to take over Genentech Inc. According to the New York Times, this is the second largest bond offering in US history.


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1 comment :

Martin said...

How the hell can expect to do proper due diligence on this. By using genetic theory? You know I read a good article on this whole due diligence thing at: http://www.corgentum.com/research-tenquestions.html

Here we go again - more takeovers, less productivity.

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