Roche (RHHBY.PK) is offering $44.50/share (about $5.7B) in cash in a hostile bid to acquire...

|About: Roche Holding Ltd ADR (RHHBY)|By:, SA News Editor

Roche (RHHBY.PK) is offering $44.50/share (about $5.7B) in cash in a hostile bid to acquire DNA-tech Illumina (ILMN) - about an 18% premium over ILMN's Tuesday close, and a 64% premium to ILMN's price on Dec. 21, when takeover rumors began flying. Roche plans a conference call to discuss the deal tomorrow at 7 a.m.