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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)
11/25/201513:57:44Statement of Changes in Beneficial Ownership (4)
11/19/201515:03:03Why Pacific Biosciences of California Is Soaring Higher Today
11/16/201517:18:21Statement of Changes in Beneficial Ownership (4)
11/12/201518:44:00Illumina Set to Join the S&P 500
11/12/201509:18:03Why Pacific Biosciences of California Jumped 30% in October
11/04/201517:45:28Statement of Changes in Beneficial Ownership (4)
11/02/201516:32:01Quarterly Report (10-q)
11/02/201506:30:00Illumina Announces New $250 Million Share Repurchase Authorization
11/01/201515:20:03Qiagen NV Earnings: Just What You'd Expect
10/27/201515:14:42Why Pacific Biosciences of California Went Up, Then Down, Then...
10/25/201513:40:06Is Profitiablity in Pacific Biosciences of California's DNA?
10/25/201510:01:06Illumina Inc. Reports Disappointing Q3 Sales
10/23/201512:54:46Why Pacific Biosciences of California Jumped Today
10/21/201500:27:03Illumina (ILMN) Jay T. Flatley on Q3 2015 Results - Earnings...
10/20/201516:55:00Illumina (ILMN) Q3 2015 Results - Earnings Call Webcast
10/20/201516:25:27Ilumina Q3 top line up 15%; EPS up 25%; CF Ops up 24%; earnings...
10/20/201516:08:30Illumina beats by $0.01, misses on revenue
10/20/201516:05:00Illumina Reports Financial Results for Third Quarter of Fiscal...
10/10/201509:54:49Trouble Just Beginning For Illumina
10/07/201519:47:18Statement of Changes in Beneficial Ownership (4)

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