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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
08/24/201619:53:20Statement of Changes in Beneficial Ownership (4)
08/16/201618:57:42Statement of Changes in Beneficial Ownership (4)
08/15/201618:04:13Statement of Changes in Beneficial Ownership (4)
08/10/201606:30:00Illumina and FlowJo, LLC Partner to Develop and Co-Market a Software...
08/08/201618:37:45Statement of Changes in Beneficial Ownership (4)
08/08/201607:30:00Personal Genome Diagnostics To Collaborate With Illumina On Development...
08/02/201619:28:12Statement of Changes in Beneficial Ownership (4)
08/02/201606:03:55Quarterly Report (10-q)
07/29/201619:11:42Statement of Changes in Beneficial Ownership (4)
07/28/201619:44:54Statement of Changes in Beneficial Ownership (4)
07/28/201619:40:48Statement of Changes in Beneficial Ownership (4)
07/28/201616:14:19Current Report Filing (8-k)
07/28/201606:30:00Illumina Names Philip W. Schiller to its Board of Directors
07/27/201608:29:52Current Report Filing (8-k)
07/26/201616:11:42Current Report Filing (8-k)
07/26/201616:05:00Illumina Reports Financial Results for Second Quarter of Fiscal...
07/15/201618:54:22Statement of Changes in Beneficial Ownership (4)
07/12/201619:48:34Statement of Changes in Beneficial Ownership (4)
07/12/201606:30:00Illumina to Announce Second Quarter 2016 Financial Results on...
07/07/201616:52:31Statement of Changes in Beneficial Ownership (4)

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