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Roche: FTC Requests More Information On Illumina Offer

DOW JONES NEWSWIRES U.S. regulators have asked Roche Holding AG (ROG.VX, RHHBY) for additional information about its proposed takeover of Illumina Inc. (ILMN), the drug maker said Tuesday. The Federal Trade Commission's request reflects antitrust concerns about Roche's microarray business and would delay any acquisition another 10 days after Roche complies with the second request under U.S. law. Roche is still working to complete its hostile takeover of Illumina, which continues to oppose the Swiss company's offer as inadequate. Illumina makes machines that use blood or tissue samples to decode a person's entire genetic makeup in about a week--a process known as DNA sequencing. Shares of the takeover target closed at $50.34 Tuesday and were unchanged after hours. Roche's cash offer values the company at $44.50 a share. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909;

Stock News for Illumina (ILMN)
12/07/201616:12:31Current Report Filing (8-k)
12/07/201606:30:00Illumina Extends Management Team, Appoints Sam A. Samad as Senior...
12/05/201618:42:20Statement of Changes in Beneficial Ownership (4)
12/01/201609:00:00Illumina Launches iHope Program to Identify Causes of Undiagnosed...
11/29/201616:56:20Current Report Filing (8-k)
11/28/201606:30:00Illumina to Webcast Live Presentation at the Citi Global Healthcare...
11/18/201612:00:00MARKET SNAPSHOT: Stock Market Edges Lower As Dollar Strength...
11/15/201618:15:04Statement of Changes in Beneficial Ownership (4)
11/10/201609:00:00Illumina and Mayo Clinic Form Bioinformatics Relationship to...
11/08/201606:04:22Quarterly Report (10-q)
11/07/201609:00:00Illumina Launches TruSight Tumor 170
11/02/201609:52:00U.S. Hot Stocks: Hot Stocks to Watch
11/01/201617:03:29Current Report Filing (8-k)
11/01/201616:10:41Current Report Filing (8-k)
11/01/201616:05:00Illumina Reports Full Financial Results for Third Quarter of...
10/28/201622:14:00INVESTOR ALERT: Goldberg Law PC Announces an Investigation of...
10/28/201617:46:00Lifshitz & Miller Law Firm Announces Investigation of Alnylam...
10/24/201616:05:00German Court Issues Preliminary Injunction Against amedes Fetalis®...
10/21/201621:52:00IMPORTANT SHAREHOLDER ALERT: Khang & Khang LLP Announces an Investigation...
10/21/201617:33:00SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces the Commencement...

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