UOM Roche Holdings AG Funding the Genentech Acquisition Case Study Paper
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Question Description

Case Study: Roche Holdings AG: Funding the Genentech Acquisition

Questions:

1. What is going on at Roche?

2. Is this an easy time to be going to the public bond market with a massive offering?

3. How do we assess the impact of the bond offering on Roche's credit rating and default risk?

Discuss the questions in complete paragraphs. Make use of the financial data provided in the case

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Roche Holdings AG: Funding the Genentech Acquisition In July 2008, Swiss pharmaceutical Roche Company Holding AG (Roche) made an offer to acquire all remaining outstanding shares US biotechnology 

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1. What is happening at Roche?
An examination of what is happening at Roche shows that it is a company that is willing
to acquire the remaining outstanding shares of Genentech, a U.S biotechnology leader at USD89
per share. In particular, it had offered to acquire 44.1% of Genentech outstanding shares.
However, with 6 months of making the offer, the share price dropped by 35%. This made Roche
to revise the purchase price at USD86.5 per share. In order to make the purchase a success,
Roche require USD42 billion in cas...

Ryansam (1298)
UT Austin

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