Vista Drops Suit Against Illumina Over $9B Roche Bid

Law360, New York (March 26, 2014, 6:13 PM EDT) -- Swiss money manager Vista Capital Management SA agreed Wednesday to drop its New York federal suit accusing Illumina Inc. and its board of directors of stiffing shareholders by rebuffing several Roche Holdings AG takeover offers, including one nearing $9 billion.

Attorneys for Vista, Illumina and the individual Illumina board directors filed a stipulation for voluntary dismissal with the Southern District of New York federal court stating that the parties have agreed that the suit be dismissed with prejudice.

The filing comes about a month after Vista...
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