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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
06/17/201619:54:57Statement of Changes in Beneficial Ownership (4)
06/16/201609:00:00Illumina Announces Initial Customer Orders for the Global Screening...
06/15/201618:48:04Statement of Changes in Beneficial Ownership (4)
06/15/201618:35:05Statement of Changes in Beneficial Ownership (4)
06/07/201606:00:00Illumina Announces Donald Danforth Plant Science Center to Receive...
06/03/201619:29:34Statement of Changes in Beneficial Ownership (4)
06/02/201603:05:00Illumina Appoints Paula Dowdy Senior Vice President & General...
06/02/201603:05:00Illumina nomme Paula Dowdy au poste de vice-présidente principale...
06/02/201603:05:00Illumina ernennt Paula Dowdy als Senior Vice President und General...
05/26/201619:45:51Statement of Changes in Beneficial Ownership (4)
05/25/201616:38:24Specialized Disclosure Report (sd)
05/25/201606:30:00Illumina to Webcast Live Presentation at Upcoming Investment...
05/19/201619:28:25Statement of Changes in Beneficial Ownership (4)
05/19/201619:26:29Statement of Changes in Beneficial Ownership (4)
05/19/201619:23:18Statement of Changes in Beneficial Ownership (4)
05/19/201619:20:33Statement of Changes in Beneficial Ownership (4)
05/19/201619:16:45Statement of Changes in Beneficial Ownership (4)
05/19/201619:15:21Statement of Changes in Beneficial Ownership (4)
05/19/201618:57:31Statement of Changes in Beneficial Ownership (4)
05/19/201616:11:21Current Report Filing (8-k)

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