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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;

Stock News for Illumina (ILMN)
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)
07/07/201609:20:00Illumina Applauds FDA’s Issuance of Draft Guidances to Advance P...
06/17/201619:54:57Statement of Changes in Beneficial Ownership (4)
06/16/201609:00:00Illumina Announces Initial Customer Orders for the Global Screening...
06/15/201618:48:04Statement of Changes in Beneficial Ownership (4)
06/15/201618:35:05Statement of Changes in Beneficial Ownership (4)
06/07/201606:00:00Illumina Announces Donald Danforth Plant Science Center to Receive...
06/03/201619:29:34Statement of Changes in Beneficial Ownership (4)
06/02/201603:05:00Illumina Appoints Paula Dowdy Senior Vice President & General...
06/02/201603:05:00Illumina nomme Paula Dowdy au poste de vice-présidente principale...
06/02/201603:05:00Illumina ernennt Paula Dowdy als Senior Vice President und General...
05/26/201619:45:51Statement of Changes in Beneficial Ownership (4)
05/25/201616:38:24Specialized Disclosure Report (sd)
05/25/201606:30:00Illumina to Webcast Live Presentation at Upcoming Investment...
05/19/201619:28:25Statement of Changes in Beneficial Ownership (4)
05/19/201619:26:29Statement of Changes in Beneficial Ownership (4)
05/19/201619:23:18Statement of Changes in Beneficial Ownership (4)

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