Roche Prepared to Pay $66/Share for Illumina (ILMN) - Reports
Tweet Send to a Friend
Get Alerts ILMN Hot Sheet
Trade ILMN Now!
Illumina, Inc. (NASDAQ: ILMN) is on watch Thursday following reports from L'Agefi that Roche has agreed to pay $66 per share for the company although a deal has not been finalized.
Illumina rejected a $51 per share bid from Roche in April 2012. Roche initially took its hostile bid for Illumina public in January 2012 in a deal valued at $5.7 billion, or $44.50 per share.
Earlier it was reported that Roche (OTCBB: RHHBY) CFO Alan Hippe said the company plans to make acquisitions in the $6 billion to $7 billion range.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Illumina rejected a $51 per share bid from Roche in April 2012. Roche initially took its hostile bid for Illumina public in January 2012 in a deal valued at $5.7 billion, or $44.50 per share.
Earlier it was reported that Roche (OTCBB: RHHBY) CFO Alan Hippe said the company plans to make acquisitions in the $6 billion to $7 billion range.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Bausch & Lomb near deal to sell to Valeant Pharmaceuticals (VRX) - WSJ
- Icahn, Southeastern Begin Talks for $5.2B Term Loan in Dell (DELL) Bid
- UPDATE: Crash in American Electric Power (AEP) & NextEra Energy (NEE) Adds to Jitters
Create E-mail Alert Related Categories
Mergers and Acquisitions, Rumors, Trader Talk
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
