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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
08/30/201603:30:00Illumina to Webcast Live Presentation at the Morgan Stanley Global...
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...

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