Do you mean it?
MID-DAY DEAL ROUND-UP
Genentech’s response to Roche Holdings’ $89 per share offer for the 44 percent of Genentech it doesn’t already own seems more designed to spur more discussions than shoo the bidder away, says the New York Times’ DealBook.
Nortel’s acquisition of Bluesocket’s Pingtel subsidiary, which develops software to unify and streamline communications functions, like e-mail and instant messaging, is not the transformative acquisition people have been waiting for, writes www.thedeal.com.
OTHER DEALS OF THE DAY
**Chinese state oil firms are preparing bids for Petro-Tech Peruana, a privately-held oil company with offshore assets in
** U.S.-focused consumer goods exporter Li & Fung said it will pay $330 million to buy