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


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.

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