Roche (RHHBY.PK) raises its hostile offer for Illumina (ILMN) by 15% to $51/share, or ~$6.7B,...

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

Roche (RHHBY.PK) raises its hostile offer for Illumina (ILMN) by 15% to $51/share, or ~$6.7B, hoping to close a deal more quickly with shareholders that have thus far been unimpressed by the perceived lowball offer. Illumina shares closed at $49.88 yesterday, above the initial $44.50/share bid.