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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
05/03/201618:00:00Illumina Profit Drops Amid Climbing Expenses
05/03/201616:09:59Current Report Filing (8-k)
05/03/201616:05:00Illumina Reports Financial Results for First Quarter of Fiscal...
04/28/201618:35:37Statement of Changes in Beneficial Ownership (4)
04/27/201606:30:00Illumina to Webcast Live Presentation at the Bank of America...
04/25/201615:41:01Statement of Changes in Beneficial Ownership (4)
04/21/201616:05:00Illumina Files Patent Infringement Suit in Switzerland against...
04/20/201617:58:05Statement of Changes in Beneficial Ownership (4)
04/20/201617:35:10Statement of Changes in Beneficial Ownership (4)
04/20/201609:39:00Illumina (ILMN) Shareholder Alert: Shareholder Rights Law Firm...
04/19/201615:10:00Illumina Shares Take Hit on Weakness in Europ
04/18/201616:20:24Current Report Filing (8-k)
04/18/201616:05:00Illumina Announces Preliminary Revenue for First Quarter of Fiscal...
04/14/201618:44:57Statement of Changes in Beneficial Ownership (4)
04/14/201618:43:20Statement of Changes in Beneficial Ownership (4)
04/14/201618:39:35Statement of Changes in Beneficial Ownership (4)
04/14/201618:22:13Statement of Changes in Beneficial Ownership (4)
04/14/201616:18:00Illumina Invests In New Venture Fund
04/11/201617:59:55Statement of Changes in Beneficial Ownership (4)
04/08/201616:09:42Additional Proxy Soliciting Materials (definitive) (defa14a)

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