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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
03/19/201519:53:52Statement of Changes in Beneficial Ownership (4)
03/18/201508:31:00Matthew Posard Joins Trovagene's Executive Management Team as...
03/16/201518:47:33Statement of Changes in Beneficial Ownership (4)
03/16/201518:22:42Statement of Changes in Beneficial Ownership (4)
03/16/201504:05:00Illumina Files Patent Infringement Suit in the United Kingdom...
03/13/201519:37:42Statement of Changes in Beneficial Ownership (4)
03/12/201517:56:41Statement of Changes in Beneficial Ownership (4)
03/11/201519:48:34Statement of Changes in Beneficial Ownership (4)
03/11/201519:48:34Statement of Changes in Beneficial Ownership (4)
03/11/201519:48:12Statement of Changes in Beneficial Ownership (4)
03/11/201519:47:43Statement of Changes in Beneficial Ownership (4)
03/11/201519:47:43Statement of Changes in Beneficial Ownership (4)
03/11/201519:47:21Statement of Changes in Beneficial Ownership (4)
03/10/201509:00:00Illumina Announces Strategic Collaboration with Merck Serono...
03/09/201503:59:30Looking Back At 2014 And What To Expect In 2015 For Sequenom
03/04/201506:30:00Illumina Launches TruSight HLA Solution
02/26/201506:30:00Illumina Accelerator Secures $40 Million Boost Capital to Back...
02/23/201506:30:00Illumina Launches the NeoPrep Library Prep System
02/18/201506:30:00Illumina to Webcast Live Presentation at the Cowen and Company...
02/13/201513:58:58Amended Statement of Ownership (sc 13g/a)

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