Thursday, 26 January 2012

Roche in $5.7 billion bid for Illumina

Wow ... Things are going to be interesting now ....

ZURICH/LONDON (Reuters) -Swiss drugmaker Roche Holding AG (ROG.VX) has offered $5.7 billion in cash in a hostile bid to take over Illumina Inc (ILMN.O), and investors are already betting that the U.S. gene sequencing company will command a significantly higher price.

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Datanami, Woe be me