I'm not tendering any of our remaining ILMN shares. Illumina says, "the $44.50 per share cash offer is grossly inadequate in multiple respects, dramatically undervalues Illumina and is contrary to the best interests of Illumina’s stockholders."
ILMN closed yesterday (02012.02.07) at $51.80. 52-week range: $25.57 - $79.40
I didn't notice that Illumina reported 4Q'11 results after the market closed yesterday (02012.02.07). A couple of items from the press release.
ReplyDelete(1) "Record cash flow from operations of $108 million and record free cash flow of $81 million for the quarter."
(2) "The company ended the fourth quarter of 2011 with $1.2 billion in cash, cash equivalents and short-term investments compared to $894.3 million as of January 2, 2011."
(3) The company gave financial outlook and guidance for 02012.