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Roche completes Genentech takeover

 
• By Sita Shah

Genentech's share price closed at $94.97 yesterday Eastern (US) time, up from $94.75 on the previous day, after Roche completed its acquisition of the biotech. Roche now holds 93.2% of Genentech's one billion outstanding shares.

Genentech's share price closed at $94.97 yesterday Eastern (US) time, up from $94.75 on the previous day, after Roche completed its acquisition of the biotech. Roche now holds 93.2% of Genentech's one billion outstanding shares.

The Swiss company expects to receive a further 3% of Genentech's outstanding shares within the next three business days.

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