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Swiss-based Roche Holding AG offered roughly $5.7 billion in cash for San Diego biotech Illumina early Wednesday (Jan. 25). Roche said it would pay $44.50 a share for Illumina, 18% more than its closing price Tuesday. Roche said Illumina was "unwilling to participate in substantive discussions." According to Bloomberg News, Roche, the world's largest maker of cancer drugs, would add technology for reading the genetic makeup of tumors.
Swiss-based Roche Holding AG offered roughly $5.7 billion in cash for San Diego biotech Illumina early Wednesday (Jan. 25). Roche said it would pay $44.50 a share for Illumina, 18% more than its closing price Tuesday. Roche said Illumina was "unwilling to participate in substantive discussions." According to Bloomberg News, Roche, the world's largest maker of cancer drugs, would add technology for reading the genetic makeup of tumors.