ZURICH (Reuters) – Roche extended its offer on Monday
hostile 5.7 billion dollars in cash to buy the
American signing of genetic Illumina, demonstrating the
will of the Swiss pharmaceutical expected, a strategy of
acquisitions that you given good results earlier.
But analysts believe it Roche, has had success with its
hostile offers, eventually will have to improve its proposal of
44,50 dollars per share to convince Illumina, whose
shares closed on Friday at $51,22.
Illumina has already adopted a defensive strategy of “pill
“”
poisoned” against the unsolicited offer from Roche and it has
advised its shareholders that do not offer any of its
actions, arguing that the price is too low.
“Extension of Roche was expected,” said Illumina. “A
Figure extremely low actions has come (the offer),
consistent with our vision – and our shareholder – of
that the offer Roche did not reflect the unique leadership position
of Illumina, performance of business and future prospects”.
Roche have been offered so far, only 0.1%
the company said the shares of Illumina in circulation,
Switzerland, it is headquartered in Basel.
Roche shares fell 0.63 percent to 158.3
Swiss francs, with performance better than the recoil of a
1.3% of its industry.
“In the long run, consider that Roche will convince Illumina.
“”
Could take about six to twelve months and a best offer”, said
analysts of the Bank Vontobel.
“In general, we like the acquisition and we believe that
“
will serve to create value once it is integrated in the network of
“
Roche”, added.
Previous acquisitions such as the signature of testing of
Diagnostics window and the American Group of
biotech Genentech show that Roche likes taking
time in their acquisitions and which will ultimately prevail by
means of a best offer.
Illumina, which is headquartered in San Diego, develops
machines that decidifican the whole of a person going genome
beyond simple genetic tests already used for
diseases such as cancer to do some tests
genetic variations.
An agreement giving Roche Diagnostics unit a
leading position in the market of genetic sequencing, which
can help better identify patients benefit from
a specific drug.