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Roche extends Illumina offer until late March

<p><a href="http://uk.news.yahoo.com/roche-extends-illumina-offer-until-march-062307323.html"><img src="http://l.yimg.com/bt/api/res/1.2/pv_kwFAS6Jqjrbl5u7IDgQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-02-27T062307Z_1_BTRE81Q0HQM00_RTROPTP_2_ROCHE.JPG" width="130" height="86" alt="The logo of the Swiss drugmaker Roche is seen on a factory in Burgdorf" align="left" title="The logo of the Swiss drugmaker Roche is seen on a factory in Burgdorf" border="0" /></a>ZURICH (Reuters) - Roche on Monday extended its $5.7 billion (3.5 billion pound) hostile offer for Illumina until March 23, a move that was widely expected as the Swiss drugmaker is keen to boost its position in the gene sequencing market. "All other terms and conditions of the offer remain unchanged," Basel-based Roche said in a statement. Illumina has already adopted a "poison pill" defence strategy for Roche's unsolicited of $44.50 per share bid. It told shareholders not to tender any of their shares to Roche, saying the offer failed to properly value its existing and coming products. ...</p><br clear="all"/>

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