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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; Andrew.FitzGerald@dowjones.com

Stock News for Illumina (ILMN)
DateTimeHeadline
05/25/201606:30:00Illumina to Webcast Live Presentation at Upcoming Investment...
05/19/201619:28:25Statement of Changes in Beneficial Ownership (4)
05/19/201619:26:29Statement of Changes in Beneficial Ownership (4)
05/19/201619:23:18Statement of Changes in Beneficial Ownership (4)
05/19/201619:20:33Statement of Changes in Beneficial Ownership (4)
05/19/201619:16:45Statement of Changes in Beneficial Ownership (4)
05/19/201619:15:21Statement of Changes in Beneficial Ownership (4)
05/19/201618:57:31Statement of Changes in Beneficial Ownership (4)
05/19/201616:11:21Current Report Filing (8-k)
05/13/201618:04:56Statement of Changes in Beneficial Ownership (4)
05/09/201617:58:38Quarterly Report (10-q)
05/09/201616:05:00Illumina Registers MiSeqDx System in South Korea
05/09/201608:41:00Collaborative Study of Whole Exome Sequencing Offers New Hope...
05/04/201609:37:00U.S. Hot Stocks: Hot Stocks to Watch
05/03/201618:00:00Illumina Profit Drops Amid Climbing Expenses
05/03/201616:09:59Current Report Filing (8-k)
05/03/201616:05:00Illumina Reports Financial Results for First Quarter of Fiscal...
04/28/201618:35:37Statement of Changes in Beneficial Ownership (4)
04/27/201606:30:00Illumina to Webcast Live Presentation at the Bank of America...
04/25/201615:41:01Statement of Changes in Beneficial Ownership (4)

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