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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)
10/07/201506:30:00Illumina Introduces Genomics Solutions to Advance Clinical Research
10/06/201506:30:00Illumina Expands Use of HiSeq X™ Sequencing System to Include N...
10/05/201519:55:24Amended Statement of Changes in Beneficial Ownership (4/a)
10/05/201516:08:23Current Report Filing (8-k)
10/05/201516:05:00Illumina Announces Preliminary Revenue for Third Quarter of Fiscal...
10/02/201518:25:12Statement of Changes in Beneficial Ownership (4)
10/02/201518:21:03Statement of Changes in Beneficial Ownership (4)
10/01/201517:48:44Statement of Changes in Beneficial Ownership (4)
10/01/201506:30:00Illumina Expands World’s Largest Genomics Analysis Platform a...
09/30/201520:00:00Amoy Diagnostics and Illumina Enter Strategic Collaboration...
09/30/201508:03:00Biotechnology Equity Picks -- Arena Pharma, Biogen, Omeros, Illumina...
09/29/201516:28:13Statement of Changes in Beneficial Ownership (4)
09/29/201506:30:00Illumina Launches TruSight® Tumor OncoPanel
09/28/201519:12:42Statement of Changes in Beneficial Ownership (4)
09/23/201512:43:12Statement of Changes in Beneficial Ownership (4)
09/23/201506:30:00Illumina Joins WIN Consortium in Personalized Cancer Medicine
09/17/201519:40:15Statement of Changes in Beneficial Ownership (4)
09/16/201515:20:08Statement of Changes in Beneficial Ownership (4)
09/16/201506:30:00Memorial Sloan Kettering Cancer Center and Illumina Launch Comprehensive...
09/10/201518:03:54Statement of Changes in Beneficial Ownership (4)

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