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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
07/01/201518:32:49Statement of Changes in Beneficial Ownership (4)
07/01/201518:26:54Statement of Changes in Beneficial Ownership (4)
07/01/201513:29:00Robbins Arroyo LLP Is Investigating the Officers and Directors...
06/30/201517:57:06Statement of Changes in Beneficial Ownership (4)
06/29/201518:31:39Statement of Changes in Beneficial Ownership (4)
06/26/201516:29:58Statement of Changes in Beneficial Ownership (4)
06/25/201509:44:00BioMed Realty And Illumina Announce New Build-To-Suit Laboratory...
06/25/201509:31:28Current Report Filing (8-k)
06/25/201509:17:00BioMed Realty And Illumina Announce New Build-To-Suit Laboratory...
06/24/201518:29:19Statement of Changes in Beneficial Ownership (4)
06/24/201517:57:08Statement of Changes in Beneficial Ownership (4)
06/24/201517:26:48Statement of Changes in Beneficial Ownership (4)
06/24/201517:02:46Statement of Changes in Beneficial Ownership (4)
06/18/201516:01:03The Best Stocks in Gene Sequencing
06/18/201511:40:04Statement of Changes in Beneficial Ownership (4)
06/18/201511:35:44Statement of Changes in Beneficial Ownership (4)
06/17/201513:04:023 Best of Breed Healthcare Stocks
06/15/201519:54:16Statement of Changes in Beneficial Ownership (4)
06/15/201519:49:54Statement of Changes in Beneficial Ownership (4)
06/15/201519:39:31Statement of Changes in Beneficial Ownership (4)

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