Novartis can now buy Roche after the decision by Maja Oeri earlier this year to pull her 5% share out of the family voting block which takes the families share down to 45.01% from 51%, no longer a majority.
Novartis already owns 33.3% and if they buy .1% more of Roche stock under Swiss law they would have to make an offer for the whole company. This will get very interesting in the future. I am sure the Swiss govt would love to have a tie-up rather than either company to be aquired by someone else.
There was a rumor I could not confirm that Maja Hoffmann was also doing the same thing with her 5%. If so, that would definitely signal a fracture in the family and the voting block which could create an opening for Novartis.
Strange they are breaking off now, since the agreement to vote together as a family block was put in place in 1948. I think something is up.....