[Histonet] Roche/Genetech Buy-out

[Akemi Allison-Tacha]

FYI... This is from Todays Fierce Pharma Report:
Today's Top Stories
FYI... This is from Todays Fierce Pharma Report:
1. Roche to cut 1,500 jobs in "California cowboys" deal
By Tracy Staton 
Deal dissection of the day, No. 1: Now that Genentech has finally conceded to Roche's buyout plans, the postgame analysis begins. As we all know after months of following the possibility of a deal, preserving innovation at Genentech is job one. Next on the priority list comes cost-cutting. But neither of those goals will kick in if shareholders don't tender, so we're hearing plenty about their opinions. Here's a sampling of the predictions, prognositications, and pushy advice:

Roche plans to shed more than 1,500 jobs in New Jersey and relocate major operations to California as part of the Genentech takeover. Some 1,600 researchers and scientists will stay behind in Nutley, NJ. But the company is redoing its campus master plan to figure out what to do with all the vacant buildings that are left. And who's first in line for the job cuts? None other than sales and marketing, the Star-Ledger says.

Akemi Allison-Tacha BS, HT (ASCP) HTL
President
Phoenix Lab Consulting
Specializing in Histology, SS, IHC, & TMA
Tele: (425) 941-4287
E-Mail: akemiat3377 <@t> yahoo.com