UPDATE: Illumina (ILMN) Sees Upside on More Takeover Chatter

November 7, 2012 1:13 PM EST
(Updated - November 7, 2012 1:13 PM EST)

Illumina Inc. (NASDAQ: ILMN) sees mid-day upside action. Shares are up 3.7%.

This could be related to renewed takeover chatter. 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. It is said that Roche is prepared to raise it to $60.

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