Roche Prepared to Pay $66/Share for Illumina (ILMN) - Reports
Tweet
Share
E-mail
Get Alerts ILMN Hot Sheet
Join SI Premium – FREE
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.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Holcim said to acquire part of James Hardie's EU business
- Bunker Hill Mining to acquire Silver47 in all-share merger deal
- TMCR raises $165M to acquire additional Mesabi iron ore royalty
Create E-mail Alert Related Categories
Mergers and Acquisitions, Rumors, Trader TalkSign 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!
