Illumina (ILMN) rises 1% AH after declaring Roche's $44.50/share hostile bid to be inadequate,...

|By:, SA News Editor

Illumina (ILMN) rises 1% AH after declaring Roche's $44.50/share hostile bid to be inadequate, and calling the offer's timing "blatantly opportunistic." Given that Illumina closed today at $51.80, such a response was widely expected. Two weeks ago, Illumina adopted a poison pill in response to Roche's offer.