Thursday, February 19, 2009

Roche - Genentech: $16 billion bonds

Roche CFO Erich Hunziker announced that the company will go to bond investors to help finance its proposed $42.1-billion takeover of Genentech, and the drugmaker also plans a commercial paper programme for as much as $10 billion. Hunziker also stated that it will limit the size of acquisitions for the next two to three years should its bid for Genentech be successful.
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