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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
09/03/201506:30:00Illumina to Webcast Live Presentation at the Morgan Stanley Global...
09/01/201517:45:36Statement of Changes in Beneficial Ownership (4)
09/01/201506:30:00Illumina Completes Acquisition of GenoLogics
08/31/201518:01:50Statement of Changes in Beneficial Ownership (4)
08/31/201517:35:46Statement of Changes in Beneficial Ownership (4)
08/24/201521:00:00Burning Rock and Illumina Collaborate on Molecular Diagnostics...
08/24/201515:23:08Confidential Treatment Order (ct Order)
08/19/201518:56:13Statement of Changes in Beneficial Ownership (4)
08/19/201518:45:53Statement of Changes in Beneficial Ownership (4)
08/13/201518:52:49Statement of Changes in Beneficial Ownership (4)
08/13/201518:04:53Statement of Changes in Beneficial Ownership (4)
08/12/201519:06:19Statement of Changes in Beneficial Ownership (4)
08/12/201518:47:49Statement of Changes in Beneficial Ownership (4)
08/12/201518:42:22Amended Statement of Changes in Beneficial Ownership (4/a)
08/07/201515:10:05Securities Registration: Employee Benefit Plan (s-8)
08/06/201517:38:29Statement of Changes in Beneficial Ownership (4)
08/05/201506:30:00Illumina Accelerator Invests in Second Class of Genomics Startups...
08/04/201516:05:00Illumina Signs Agreement to Acquire GenoLogics, Leader in Genomics...
07/31/201517:30:46Statement of Changes in Beneficial Ownership (4)
07/31/201516:31:31Quarterly Report (10-q)

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