Reuters: Roche goes hostile, cuts Genentech bid to $42 billion

[chris]

Roche goes hostile, cuts Genentech bid to $42 billion
      

ZURICH (Reuters) - Swiss drugmaker Roche Holding Ag  launched a surprise hostile bid for U.S. biotechnology giant Genentech Inc  at a price below its original rejected offer, reflecting tougher financing conditions and a drop in Genentech shares.<div class="feedflare">
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