“Roche’s all-cash offer of $44.50 per share represents full and fair value for Illumina,” Severin Schwan, Roche’s chief executive, said in a statement, “and we expect that Illumina’s shareholders will welcome the opportunity to sell their shares at a significant premium to current market prices.”
I disagree with Roche's CEO. $44.50 per share would be stealing the company. Let's start the bidding at ILMN's 52-week high of $79.40.
I guess other investors agreed with my opinion that Roche is trying to steal ILMN by offering $44.50 per share. ILMN, which closed yesterday (02012.01.24) at $37.69, gapped opened today at $52.60, up almost 40%.
ReplyDeleteThis comes as no surprise... Headline: "Glancy Binkow & Goldberg LLP Announces Investigation of Illumina, Inc. Business Wire (Wed 1:18PM EST)"
ReplyDeleteILMN at $54.48 Up $16.79(44.57%) 1:43PM EST - Nasdaq Real Time Price