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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
04/24/201510:02:02Illumina's Earnings Set Positive Tone for Biotech
04/23/201519:22:21Statement of Changes in Beneficial Ownership (4)
04/23/201518:59:00Statement of Changes in Beneficial Ownership (4)
04/23/201507:09:39Illumina Upgraded to "Strong-Buy" by Tigress Financial (ILMN)
04/22/201510:49:28Illumina Given New $240.00 Price Target at Citigroup Inc. (ILMN)
04/22/201503:41:21Illumina Price Target Raised to $230.00 at Mizuho (ILMN)
04/21/201521:48:57Strong Demand Boosts Illumina Inc. in Q1
04/21/201518:30:02Strong Demand Boosts Illumina Inc. in Q1
04/21/201516:08:26Current Report Filing (8-k)
04/21/201516:05:00Illumina Reports Strong Start to Fiscal Year 2015
04/16/201518:39:06Statement of Changes in Beneficial Ownership (4)
04/16/201518:34:05Statement of Changes in Beneficial Ownership (4)
04/15/201519:12:58Statement of Changes in Beneficial Ownership (4)
04/15/201519:01:04Statement of Changes in Beneficial Ownership (4)
04/15/201518:27:23Statement of Changes in Beneficial Ownership (4)
04/15/201518:00:56Statement of Changes in Beneficial Ownership (4)
04/15/201508:02:023 Promising Healthcare Stocks Under $10
04/13/201519:04:05Statement of Changes in Beneficial Ownership (4)
04/13/201517:18:20Statement of Changes in Beneficial Ownership (4)
04/10/201518:56:37Statement of Changes in Beneficial Ownership (4)

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