Genentech: Roche Bid Too Low

Stock quotes in this article: DNA  

In a prior statement, on July 24, in which the company announced that it would convene the committee, it said, "Neither Genentech nor the special committee has any obligation under the Affiliation Agreement between Genentech and Roche, or otherwise, to agree to a transaction."

Genentech shares were up 68 cents a share, or 0.7%, at $98.53.
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