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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)
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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...
10/21/201611:08:00IMPORTANT INVESTOR ALERT: Lundin Law PC Announces an Investigation...
10/21/201610:15:00SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces...
10/20/201617:29:00SHAREHOLDER ALERT: Goldberg Law PC Announces an Investigation...
10/20/201616:12:00INVESTOR ALERT: Investigation of Illumina Inc. Announced by Law...
10/20/201609:00:00Illumina Contributes to ClinVar Database
10/11/201608:42:26Current Report Filing (8-k)
10/10/201618:40:00Gene-Sequencing Firm Illumina Cuts Revenue Guidance
10/10/201616:05:00Illumina Announces Preliminary Revenue for Third Quarter of Fiscal...
10/06/201617:33:14Statement of Changes in Beneficial Ownership (4)
09/21/201618:57:33Statement of Changes in Beneficial Ownership (4)
08/30/201603:30:00Illumina to Webcast Live Presentation at the Morgan Stanley Global...
08/24/201619:53:20Statement of Changes in Beneficial Ownership (4)
08/16/201618:57:42Statement of Changes in Beneficial Ownership (4)
08/15/201618:04:13Statement of Changes in Beneficial Ownership (4)
08/10/201606:30:00Illumina and FlowJo, LLC Partner to Develop and Co-Market a Software...
08/08/201618:37:45Statement of Changes in Beneficial Ownership (4)
08/08/201607:30:00Personal Genome Diagnostics To Collaborate With Illumina On Development...

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