This morning the Pre Market Gainers in the Stock Market are going to be:
DNA
FRE
FNM
ABK
WM
BAC
DNA is getting a buyout offer, Bank of America reported better then expected earnings, Fannie Mae and Freddie Mac are going up in sympathy to B of A.
Other Pre Market News.... Carl Ichan has been accepted to the Yahoo( YHOO ) board.
Showing posts with label dna. Show all posts
Showing posts with label dna. Show all posts
Monday, July 21, 2008
Roche buying DNA Genentech
Roche has offered to buy the rest of Genentech DNA for 43.7 Billion dollars. As you might know already, Roche already owns a 55.9 percent stake in DNA.
The Swiss drug maker Roche is offering $89 per share for the remaining DNA shares.
Genentech is trading above $96 in pre market so far this morning so it looks like their could be a taken over battle here. The market is pricing in a higher takeover price.
On another note, Merck MRK is postponing earnings until tonight at 4pm.
The Swiss drug maker Roche is offering $89 per share for the remaining DNA shares.
Genentech is trading above $96 in pre market so far this morning so it looks like their could be a taken over battle here. The market is pricing in a higher takeover price.
On another note, Merck MRK is postponing earnings until tonight at 4pm.
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