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Illumina Rejects $5.7 Billion Roche Offer As Inadequate; 4Q Net Off 70%

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The board members of gene-sequencing company Illumina Inc. (ILMN) unanimously rejected a takeover bid from drug maker Roche Holding AG (ROG.VX, RHHBY), calling the Swiss company's offer inadequate. The takeover target also said its fourth-quarter earnings dropped 70% as one-time...

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