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Tim Travis
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Tim Travis is a veteran deep value investor and money manager. Travis has extensive experience in traditional investments such as stocks and bonds, in addition to having a unique methodology of combining options and distressed investing with value investing to generate income, reduce risk, and... More
My company:
T&T Capital Management
My blog:
T&T Capital Management Blog
My book:
Learn to Treat Your Portfolio as a Business
  • Illumina CEO Has Year To Top Roche's $6.7 Billion Offer-Bloomberg 0 comments
    Apr 20, 2012 11:49 AM | about stocks: ILMN

    I'm really interested to see if Roche comes back to the table after Illumina (ILMN) rejected their $6.7 billion offer. Illumina has an amazing track record of revenue growth in an exciting market as a maker of DNA sequencers. While the company is profitable, these acquisition are far more about the technology and future growth, than a reasonable multiple on earnings. Roche has a history of eventually getting what they want so I wouldn't be surprised if they resurface after a little time has passed, particularly if Illumina doesn't receive a higher bid in the interim.

    http://www.bloomberg.com/news/2012-04-19/illumina-ceo-has-year-to-top-roche-s-6-7-billion-offer.html

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: Acquisition Stocks: ILMN
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