Roche (RHHBY) Sweetens Illumina (ILMN) Bid to $51/Share
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Roche (OTCBB: RHHBY) has increased its offer price for all outstanding publicly-held shares of Illumina, Inc. (Nasdaq: ILMN) to $51.00 per share in cash.
All other terms and conditions of the tender offer remain unchanged.
Severin Schwan, Chief Executive Officer of Roche, said: “Based on our discussions with Illumina shareholders we have seen interest to accelerate the takeover process. As a result, we are increasing our offer price to US$ 51.00 per share. Roche’s preference continues to be a negotiated transaction. We look forward to the possibility of a swift completion that offers immediate value to Illumina’s shareholders.”
All other terms and conditions of the tender offer remain unchanged.
Severin Schwan, Chief Executive Officer of Roche, said: “Based on our discussions with Illumina shareholders we have seen interest to accelerate the takeover process. As a result, we are increasing our offer price to US$ 51.00 per share. Roche’s preference continues to be a negotiated transaction. We look forward to the possibility of a swift completion that offers immediate value to Illumina’s shareholders.”
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