Roche Discusses Illumina Takeover With Funds, F&W Reports
By Leigh Baldwin -
2012-03-31T09:55:11Z
Roche Holding AG (ROG), which on March 29 raised its hostile bid for Illumina Inc. (ILMN), is in talks with hedge funds that bought Illumina stock following news of the takeover attempt, Finanz & Wirtschaft reported, without saying where it got the information.
Roche, a Basel, Switzerland-based drugmaker, increased its offer to $51 a share after Illumina shareholders told Roche they were interested in accelerating the takeover process, the Swiss newspaper quoted Roche Chief Executive Officer Severin Schwan as saying.
To contact the reporter on this story: Leigh Baldwin in Zurich at lbaldwin3@bloomberg.net
To contact the editor responsible for this story: Mariajose Vera at mvera1@bloomberg.net
Sponsored Link
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.