Roche Increases Offer Price For Illumina Shares To US$ 51.00 Per Share

Roche RHHBY announced today that it has increased its offer price for all outstanding publicly-held shares of Illumina, Inc. ILMN to US$ 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.”