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Roche
RHHBY today responded to an announcement from
Illumina
ILMN that its Board of Directors has adopted a
shareholder rights plan.
Although not unexpected, Roche is disappointed that the Illumina Board of
Directors has been unwilling to participate in substantive discussions with
Roche regarding a negotiated transaction and has instead adopted this
shareholder rights plan in response to the offer to acquire Illumina. Roche's
all-cash offer represents a substantial premium and Roche is confident that
Illumina shareholders will see the value of the offer.
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