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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
04/16/201518:39:06Statement of Changes in Beneficial Ownership (4)
04/16/201518:34:05Statement of Changes in Beneficial Ownership (4)
04/15/201519:12:58Statement of Changes in Beneficial Ownership (4)
04/15/201519:01:04Statement of Changes in Beneficial Ownership (4)
04/15/201518:27:23Statement of Changes in Beneficial Ownership (4)
04/15/201518:00:56Statement of Changes in Beneficial Ownership (4)
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04/13/201519:04:05Statement of Changes in Beneficial Ownership (4)
04/13/201517:18:20Statement of Changes in Beneficial Ownership (4)
04/10/201518:56:37Statement of Changes in Beneficial Ownership (4)
04/08/201519:41:15Statement of Changes in Beneficial Ownership (4)
04/08/201517:13:30Additional Proxy Soliciting Materials (definitive) (defa14a)
04/08/201517:09:09Proxy Statement (definitive) (def 14a)
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04/02/201519:29:53Statement of Changes in Beneficial Ownership (4)
04/02/201519:25:07Statement of Changes in Beneficial Ownership (4)
04/02/201519:16:41Statement of Changes in Beneficial Ownership (4)
04/02/201518:40:44Statement of Changes in Beneficial Ownership (4)
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