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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
04/23/201307:20:10U.S. Stock Futures Slip; China, Germany Growth Fears
04/23/201306:56:12U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
04/15/201317:40:09Thermo Fisher Enters Field of Gene Sequencing
04/15/201317:25:19Thermo Fisher Enters Uncertain Field of Gene Sequencing With...
04/10/201315:48:08Life Technologies Showing New Life Amid Takeover Talk
01/07/201309:10:14Illumina Off 7.8% Premarket After Roche Talks Down Deal
01/07/201300:20:18Roche Says Illumina Bid is 'Off the Table'
01/06/201306:48:31Roche Chairman: Illumina Bid is 'Off the Table' - Report
06/10/201209:12:13Roche CEO Rules Out Further Big Job Cuts, Illumina Talks -Report
05/03/201211:24:59Roche Pursuing Other Opportunities After Failed Illumina Bid...
04/27/201210:54:37Pharma M&A Surge Spurred By Necessity And Opportunity
04/23/201205:47:03Roche To Return Tendered Illumina Shares To Shareholders
04/18/201212:49:01DEALWATCH: Battle May Be Over, But War For Illumina Could Resume
04/18/201209:55:20Roche Doesn't Plan To Extend Bid For Illumina
04/12/201210:46:37Roche Sees No Reason To Raise Illumina Offer
04/12/201210:06:55CORRECT: Roche Steps Up Courtship In Illumina Bid
04/11/201219:24:11Roche Criticizes Illumina's Apple Comparison
04/10/201210:23:28Third Proxy Firm Sides With Illumina In Roche Fight
04/06/201214:33:24Two Proxy Advisory Firms Side With Illumina In Roche Fight
04/04/201201:43:07Roche Sends Second Letter To Illumina Shareholders

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