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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;

Stock News for Illumina (ILMN)
07/24/201519:36:07Statement of Changes in Beneficial Ownership (4)
07/24/201519:20:27Statement of Changes in Beneficial Ownership (4)
07/22/201508:31:44Current Report Filing (8-k)
07/21/201516:09:00Current Report Filing (8-k)
07/21/201516:05:00Illumina Reports Financial Results for Second Quarter of Fiscal...
07/20/201516:05:00Illumina Names Sanjay Chikarmane as Senior Vice President and...
07/17/201518:30:53Statement of Changes in Beneficial Ownership (4)
07/17/201517:21:19Statement of Changes in Beneficial Ownership (4)
07/16/201518:45:31Statement of Changes in Beneficial Ownership (4)
07/16/201518:31:26Statement of Changes in Beneficial Ownership (4)
07/16/201506:30:00Illumina Introduces Illumina SeqLab
07/15/201516:04:02Amended Annual Report (10-k/a)
07/13/201516:05:00Study of Illumina’s Non-Invasive verifi® Prenatal Test Suggests th...
07/10/201516:48:22Amended Statement of Changes in Beneficial Ownership (4/a)
07/07/201518:11:10Statement of Changes in Beneficial Ownership (4)
07/07/201514:04:49Statement of Changes in Beneficial Ownership (4)
07/07/201508:45:00Neogen signs commercialization agreement with Illumina
07/07/201506:30:00Illumina to Announce Second Quarter 2015 Financial Results on...
07/01/201518:32:49Statement of Changes in Beneficial Ownership (4)
07/01/201518:26:54Statement of Changes in Beneficial Ownership (4)

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