Question: Case study assignment objective: The case study assignment is designed to have students to present the purpose of merger and acquisitions, and valuation of M&A.

 Case study assignment objective: The case study assignment is designed to

Case study assignment objective: The case study assignment is designed to have students to present the purpose of merger and acquisitions, and valuation of M&A. i thing you have this case study or i will send you and my i need to answer this question, 1.Should Franz Humer launch a tender offer for Genentech's shares? Explain the risks and the price should he offer. How much new financing will Roche need to complete the tender offer?

have students to present the purpose of merger and acquisitions, and valuation

(- C (Dlearning_uum.eu.myfpiugin|e.php,"2811SJnIudJesouILefLUnlenlfLMA%ZGGenenlech.de l c' g E 9-2104040 l||" \gl'l'illll 2'. Nu (mum. v. sauna-m 30 IE cu: lrullkl DEHAJN Roche's Acquisition of Genentech hole on Ihne- winh'y aernoon of January 2'3, 2009. Fran: Hum-r, chairman of Roche. lurked on: on mwmdmmqu-mnmmwaMImm-m stintedl subsidiary in Caliiamia. Rnchc'a ulie-r to acquire the renaming 44% of thmtrch'a slack Ilm Roche didmtow'n hadbamu'penfmsix monmw'i'lje Wesstnuu'axdadeai Huang! wonderedil'rl: made sense In makea lam-er offer Ear the sham Sina- '1990. Roche. a global phnnnnceulical my headquammd inSwiIze-rhnd. had owned a majmily slabs in GammaSh. a 5min] PM in Barthel-Dy. Although technically a subsidiary of Rome, San Francisco-based (hunch mun-d with a grant deal a] latitude- and had a mcly independzm'cultum. Manyinthe indusiqrewndthemxwlmlasnmdlemnst suctessful pIIiJIEI'ShiPS l.'|l'l.'l'. Cm Monday, July 2'], 20M, in a "prise m. Ruth: had publicly afntd to pay 589 per sham: in ashluratlEshajEnICenzmedlildldmlnmEnymThisaureplesentedan plemium wt'r ll: prl'viuus Friday's c109: and valued Gcnlmtncll all nppmdnmltly $100 billion. (Exhibit 1 Pusan! a time "IE ofmajmevam.) Tn PW! Genentel's minmiry sharehidern, Genemec'n's build of dim-ora delegaltd mpunaibitynappaiaingwacrmnsptalmlinc mdcupaffnrrmhedl'sntc Wependenl dis-aunts. The ccmmhlev: quickly Iejecwd Rmhe's offer as 'inadmuabe,' but then waited until Nomlhcr to yet far-ward ils crw'n vim of Cnmnlndi'a value: 51.12 to 5115 par silan'. Meanwhile, lhe glow nancial 530mm awe-ed a period offseuw (risk. and th- sliale prices of maul mmpanil'indudjngiumtedland Roche] dedirudsigrufkanycivalmse evenlsand ilsown valuation 1! Mil. Roche's managml beam believed the special mnilvee'a valuation was 1 MAGenentechpdf A E." induulphp " bi indemphp A

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