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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
09/01/201517:45:36Statement of Changes in Beneficial Ownership (4)
09/01/201506:30:00Illumina Completes Acquisition of GenoLogics
08/31/201518:01:50Statement of Changes in Beneficial Ownership (4)
08/31/201517:35:46Statement of Changes in Beneficial Ownership (4)
08/24/201521:00:00Burning Rock and Illumina Collaborate on Molecular Diagnostics...
08/24/201515:23:08Confidential Treatment Order (ct Order)
08/19/201518:56:13Statement of Changes in Beneficial Ownership (4)
08/19/201518:45:53Statement of Changes in Beneficial Ownership (4)
08/13/201518:52:49Statement of Changes in Beneficial Ownership (4)
08/13/201518:04:53Statement of Changes in Beneficial Ownership (4)
08/12/201519:06:19Statement of Changes in Beneficial Ownership (4)
08/12/201518:47:49Statement of Changes in Beneficial Ownership (4)
08/12/201518:42:22Amended Statement of Changes in Beneficial Ownership (4/a)
08/07/201515:10:05Securities Registration: Employee Benefit Plan (s-8)
08/06/201517:38:29Statement of Changes in Beneficial Ownership (4)
08/05/201506:30:00Illumina Accelerator Invests in Second Class of Genomics Startups...
08/04/201516:05:00Illumina Signs Agreement to Acquire GenoLogics, Leader in Genomics...
07/31/201517:30:46Statement of Changes in Beneficial Ownership (4)
07/31/201516:31:31Quarterly Report (10-q)
07/24/201519:36:07Statement of Changes in Beneficial Ownership (4)

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