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Company Statement: Special committee of Genentech board of directors responds to Roche's announced intention to commence a tender offer

( January 30, 2009, 10:10 GMT | Official Statement) -- ****************************************South San Francisco, Calif. -- 30 January 2009 -- The special committee of the Board of Directors of Genentech, Inc. (NYSE: DNA) today urged shareholders to take no action at this time with respect to the announcement by Roche that it intends to commence a tender offer to acquire all of the outstanding shares of Genentech not owned by Roche for $86.50 per share. The special committee will take a formal position within 10 business days following the commencement of such a tender offer....

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