It took just three hours for Illumina (ILMN), the target of a hostile $5.7B takeover by Roche...

|By:, SA News Editor

It took just three hours for Illumina (ILMN), the target of a hostile $5.7B takeover by Roche (RHHBY.PK), to respond to Roche’s 11 potential nominees to ILMN's board. CEO Jay Flatley has no interest in the “board packing” proposal, and says the current nine board members, including himself, ”will continue to act independently and in the best interests of stockholders."