{"id":26926,"date":"2012-01-28T22:15:03","date_gmt":"2012-01-29T03:15:03","guid":{"rendered":"http:\/\/countingpips.com\/fx\/2012\/01\/28\/roche-begins-5-7-billion-hostile-takeover-offer-for-illumina\/"},"modified":"2012-01-28T22:15:03","modified_gmt":"2012-01-29T03:15:03","slug":"roche-begins-5-7-billion-hostile-takeover-offer-for-illumina","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/01\/28\/roche-begins-5-7-billion-hostile-takeover-offer-for-illumina\/","title":{"rendered":"Roche begins $5.7 billion hostile takeover offer for Illumina"},"content":{"rendered":"<p><div id=\"grabDiv1767162\"><object id=\"GrabPlayer1767162\" width=\"540\" height=\"300\" type=\"application\/x-shockwave-flash\" align=\"middle\" data=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v70bdcce8b059ce3fd210f915c3c5c3fbf67d520a&#038;tgt=grabnetworks\"><param name=\"quality\" value=\"high\"\/><param name=\"allowScriptAccess\" value=\"always\"\/><param name=\"allowFullScreen\" value=\"true\"\/><param name=\"menu\" value=\"false\"\/><param name=\"movie\" value=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v70bdcce8b059ce3fd210f915c3c5c3fbf67d520a&#038;tgt=grabnetworks\"\/><\/object><\/div>\n<\/p>\n<p>Roche Holding AG began its 5.7 billion dollar hostile takeover offer for Illumina. This as investors signaled they expect the Swiss drugmaker to raise its bid for the gene-mapping company. Shareholders of Illumina have until midnight on February 24 to tender their shares at 44 dollars and 50 cents each, Roche said today in a statement. But the offer can be extended. Roche also wants to nominate six members of the Illumina board at the U.S. company&#8217;s annual meeting. Illumina&#8217;s stock has traded above the offer price since the announcement amid speculation of a higher bid. Roche Holding (NASDAQ:RHHBY) has potential upside of 25.4% based on a current price of $43.03 and an average consensus analyst price target of $53.95.<\/p>\n<p><img src='http:\/\/cache.thenewsroom.com\/financial_news_network\/2012\/01\/28\/1_pvmwz25f_thumb.jpg' \/><\/p>\n<p><!--post_img[http:\/\/cache.thenewsroom.com\/financial_news_network\/2012\/01\/28\/1_pvmwz25f_preview.jpg]--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Roche Holding AG began its 5.7 billion dollar hostile takeover offer for Illumina. This as investors signaled they expect the Swiss drugmaker to raise its bid for the gene-mapping company. Shareholders of Illumina have until midnight on February 24 to tender their shares at 44 dollars and 50 cents each, Roche said today in a &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/01\/28\/roche-begins-5-7-billion-hostile-takeover-offer-for-illumina\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Roche begins $5.7 billion hostile takeover offer for Illumina&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-26926","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/26926","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=26926"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/26926\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=26926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=26926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=26926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}