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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
03/19/201519:53:52Statement of Changes in Beneficial Ownership (4)
03/18/201508:31:00Matthew Posard Joins Trovagene's Executive Management Team as...
03/16/201518:47:33Statement of Changes in Beneficial Ownership (4)
03/16/201518:22:42Statement of Changes in Beneficial Ownership (4)
03/16/201504:05:00Illumina Files Patent Infringement Suit in the United Kingdom...
03/13/201519:37:42Statement of Changes in Beneficial Ownership (4)
03/12/201517:56:41Statement of Changes in Beneficial Ownership (4)
03/11/201519:48:34Statement of Changes in Beneficial Ownership (4)
03/11/201519:48:34Statement of Changes in Beneficial Ownership (4)
03/11/201519:48:12Statement of Changes in Beneficial Ownership (4)
03/11/201519:47:43Statement of Changes in Beneficial Ownership (4)
03/11/201519:47:43Statement of Changes in Beneficial Ownership (4)
03/11/201519:47:21Statement of Changes in Beneficial Ownership (4)
03/10/201509:00:00Illumina Announces Strategic Collaboration with Merck Serono...
03/09/201503:59:30Looking Back At 2014 And What To Expect In 2015 For Sequenom
03/04/201506:30:00Illumina Launches TruSight HLA Solution
02/26/201506:30:00Illumina Accelerator Secures $40 Million Boost Capital to Back...
02/23/201506:30:00Illumina Launches the NeoPrep Library Prep System
02/18/201506:30:00Illumina to Webcast Live Presentation at the Cowen and Company...
02/13/201513:58:58Amended Statement of Ownership (sc 13g/a)

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