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Roche Sees No Reason To Raise Illumina Offer

ZURICH -(Dow Jones)- Swiss pharmaceutical giant Roche Holding AG (ROG.VX) Thursday said it sees "no reason whatsoever" to increase its offer for Illumina Inc. (ILMN) without entering talks with management at the U.S. gene-sequencing company. "Our offer of $51 is a full and fair offer and extremely attractive to Illumina shareholders," said Chief Executive Severin Schwan, on a conference call with analysts. Roche's preference remains for a negotiated deal with Illumina, Schwan said, but his company's approach has so far been rebuffed by Illumina's management, he added. "There is no reason whatsoever to increase our offer unless we get into negotiations. So far this is not the case," Schwan said. He was speaking as Roche, the world's biggest maker of cancer drugs, reported first-quarter sales of 11.03 billion Swiss francs ($12.09 billion), down 1% from a year earlier. -By John Revill, Dow Jones Newswires; +41 43 443 8042; john.revill@dowjones.com

Stock News for Illumina (ILMN)
DateTimeHeadline
12/07/201616:12:31Current Report Filing (8-k)
12/07/201606:30:00Illumina Extends Management Team, Appoints Sam A. Samad as Senior...
12/05/201618:42:20Statement of Changes in Beneficial Ownership (4)
12/01/201609:00:00Illumina Launches iHope Program to Identify Causes of Undiagnosed...
11/29/201616:56:20Current Report Filing (8-k)
11/28/201606:30:00Illumina to Webcast Live Presentation at the Citi Global Healthcare...
11/18/201612:00:00MARKET SNAPSHOT: Stock Market Edges Lower As Dollar Strength...
11/15/201618:15:04Statement of Changes in Beneficial Ownership (4)
11/10/201609:00:00Illumina and Mayo Clinic Form Bioinformatics Relationship to...
11/08/201606:04:22Quarterly Report (10-q)
11/07/201609:00:00Illumina Launches TruSight Tumor 170
11/02/201609:52:00U.S. Hot Stocks: Hot Stocks to Watch
11/01/201617:03:29Current Report Filing (8-k)
11/01/201616:10:41Current Report Filing (8-k)
11/01/201616:05:00Illumina Reports Full Financial Results for Third Quarter of...
10/28/201622:14:00INVESTOR ALERT: Goldberg Law PC Announces an Investigation of...
10/28/201617:46:00Lifshitz & Miller Law Firm Announces Investigation of Alnylam...
10/24/201616:05:00German Court Issues Preliminary Injunction Against amedes Fetalis®...
10/21/201621:52:00IMPORTANT SHAREHOLDER ALERT: Khang & Khang LLP Announces an Investigation...
10/21/201617:33:00SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces the Commencement...

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