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Roche May Abandon its Bid for Illumina, SonntagsZeitung Reports

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April 1 (Bloomberg) -- Roche Holding AG, a Basel, Switzerland-based drugmaker, may drop its $6.6 billion bid for Illumina Inc., SonntagsZeitung reported, citing an unidentified person close to Roche’s board.

San Diego, California-based Illumina, a diagnostics company, can’t rely on Roche’s continuing participation in negotiations, the person said, adding that for Roche, Illumina is a “nice-to-have,” not a “must-have,” the Swiss newspaper reported.

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

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