Roche raises further $14B in bonds to buy Genentech
Swiss drug major Roche has raised an additional $14.0 billion towards its takeover of US biotechnology firm Genentech by selling further bonds. The second round of financing follows a $16.0-billion bond sale last week (Marketletter February 19). This brings the total to three quarters of the $40 billion that the Swiss firm needs to buy the remaining shares in Genentech that it does not currently own (see page 3).
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