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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
06/02/201404:20:03Roche Buys U.S. DNA Sequencing Firm
04/23/201409:34:30U.S. Hot Stocks: Hot Stocks to Watch
02/11/201416:24:10Charter Nominates Candidates for Time Warner Cable Board -- Update
11/15/201308:58:09Highfields Capital Management LP 3Q 13F: Holdings As Of Sep 30
11/15/201308:58:09Highfields Capital Management LP 3Q 13F: Largest Eliminations
11/15/201308:53:17D. E. Shaw & Co. LP 3Q 13F: Holdings As Of Sep 30 -2-
11/15/201308:53:17D. E. Shaw & Co. LP 3Q 13F: Holdings As Of Sep 30
11/15/201307:59:24Soros Fund Management 3Q 13F: Holdings As Of Sep -2-
11/15/201307:59:24Soros Fund Management 3Q 13F: Holdings As Of Sep 30
11/15/201307:58:36Soros Fund Management 3Q 13F: Largest Sales
11/14/201307:21:25GAMCO Asset Management Inc. 3Q 13F: Largest -2-
11/14/201307:21:24GAMCO Asset Management Inc. 3Q 13F: Largest Sales
10/22/201306:46:19U.S. Hot Stocks Futures: Hot Stocks to Watch
07/01/201307:41:35Illumina: Teva Pharmaceutical Exclusive Distributor of Verifi...
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

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