{"id":29313,"date":"2014-08-25T07:23:56","date_gmt":"2014-08-25T11:23:56","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=29313"},"modified":"2014-08-25T07:23:56","modified_gmt":"2014-08-25T11:23:56","slug":"intermune-inc-nasdaqitmn-deemed-to-merge-with-roche-holding-ltd-by-the-end-of-august","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/intermune-inc-nasdaqitmn-deemed-to-merge-with-roche-holding-ltd-by-the-end-of-august-29313","title":{"rendered":"InterMune Inc (NASDAQ:ITMN) Deemed To Merge With Roche Holding Ltd. By The End Of August"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 08\/25\/2014 (wallstreetpr) \u2013 A biotechnology company based in Brisbane, California, focused on intensive research, development and implementation of commercially sound innovation therapies in fibrotic and pulmonology diseases, <strong>InterMune Inc (NASDAQ:ITMN), <\/strong>is up for grabs by <strong>Roche Holding Ltd. (ADR) (OTCMKTS:RHHBY)<\/strong>. The latter has signed the pact pertaining to a merger agreement with the former. The definitive agreement makes clear that ITMN shall be purchased at a net aggregate price per share of $74.00; the transaction is deemed to be an all-cash one!<\/p>\n<p style=\"text-align: justify;\"><strong>ITMN \u2013 A Worthwhile Acquisition For Roche<\/strong><\/p>\n<p style=\"text-align: justify;\">Roche Holding Ltd. (ADR) (OTCMKTS:RHHBY) needs to commence an apt tender with an offer to buy ITMN within the day\u2019s end on August 29, 2014. The offer should be inclined at paying for all outstanding shares. A unanimous recommendation statement must also be forwarded by InterMune Inc (NASDAQ:ITMN) authorities to Roche. The entire transaction is expected to be aptly neutral to the net per-share earnings in FY 2015. However, it shall be accretive FY 2016 onwards.<\/p>\n<p style=\"text-align: justify;\">The worthwhile acquisition of ITMN would apparently put Roche in a better front; its global portfolio will be boosted and thoroughly broadened. One of the top notch products ITMN brags about is Pirfenidone, that treats Idiopathic Pulmonary Fibrosis in Canada and the EU. It is used in the US under certain regulatory purview.<\/p>\n<p style=\"text-align: justify;\"><strong>Pirfenidone Shall Be As An Asset For Roche<\/strong><\/p>\n<p style=\"text-align: justify;\">With the purchase, Roche will get the exquisite drug Pirfenidone, and would help it emerge as an important player that caters to finding apt solutions for the progressive, irreversible and at times fatal consequential disease cause by deteriorating lung functionalities owing to scarring in the lungs.<\/p>\n<p style=\"text-align: justify;\">The CEO of Roche Holding Ltd. (ADR) (OTCMKTS:RHHBY), Severin Schwan extended his hearty pleasure since his company has reached an agreement with InterMune Inc (NASDAQ:ITMN). He added that this strategic merger acquisition would benefit Roche\u2019s tryst with pulmonary therapy. This would add to the company\u2019s strengths pertaining to substantial measures to combat the devastating disease called IPF, and hence would evolve as an offer of significant worth to ITMN\u2019s shareholders as well!<\/p>\n<p style=\"text-align: justify;\"><strong>Advantage-Roche<\/strong><\/p>\n<p style=\"text-align: justify;\">Roche exercised prudence and reinstated that InterMune Inc (NASDAQ:ITMN) employees and its operations would be seeping into Roche\u2019s purview and organization pretty sooner! Roche Holding Ltd. (ADR) (OTCMKTS:RHHBY) would also inherit a profound arsenal of improved treatment and research explored by ITMN till the date of handover!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 08\/25\/2014 (wallstreetpr) \u2013 A biotechnology company based in Brisbane, California, focused on intensive research, development and implementation of commercially sound innovation therapies in [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":29314,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[264],"tags":[6878,6721,1507,4479,8313,8312,8314],"stock_ticker":[],"class_list":["post-29313","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-health","tag-intermune-inc","tag-intermune-inc-nasdaqitmn","tag-nasdaqitmn","tag-otcmktsrhhby","tag-roche-holding-ltd-adr","tag-roche-holding-ltd-adrotcmktsrhhby","tag-severin-schwan","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>InterMune Inc (NASDAQ:ITMN) Deemed To Merge With Roche Holding Ltd. By The End Of August - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/intermune-inc-nasdaqitmn-deemed-to-merge-with-roche-holding-ltd-by-the-end-of-august-29313\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"InterMune Inc (NASDAQ:ITMN) Deemed To Merge With Roche Holding Ltd. 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