FTC Seeks More Info From Roche On $6B Illumina Takeover

Law360, New York (March 13, 2012, 10:00 PM EDT) -- Swiss drugmaker Roche Holding Ltd. said Tuesday that the Federal Trade Commission had requested further information surrounding its bid to take over Illumina Inc. for $5.7 billion.

The FTC seeks more information regarding Roche's microarray business and delays any movement on the acquisition another 10 days after Roche complies with the second request, according to the company.

“Roche will continue to work closely and cooperatively with the FTC as it conducts its review of the proposed transaction in order to respond to and resolve expeditiously any...
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