Harwood Feffer LLP Announces Investigation of Illumina Inc.
January 25 2012 - 10:35AM
Business Wire
Harwood Feffer LLP (www.hfesq.com)
is investigating potential claims against the board of directors of
Illumina, Inc. (“Illumina” or the “Company”) (NASDAQ: ILMN)
concerning the proposed acquisition of the Company by Roche Holding
AG (“Roche”) in a transaction valued at approximately $5.7
billion.
On January 25, 2012, Roche announced that it offered to acquire
all of Illumina’s outstanding shares for $44.50 per share. Roche
will put the offer directly to shareholders after it said in a
statement that Illumina management was “unwilling to participate in
substantive discussions.”
The offer price represents a scant 18% premium over the closing
price on January 24, 2012 and Illumina stock is presently trading
above $52.00 per share.
Our investigation concerns whether the board of directors is
fulfilling its fiduciary duties, maximizing the value of Illumina,
disclosing all material benefits and costs and obtaining full and
fair consideration for Illumina shareholders.
If you own Illumina shares and wish to discuss this matter with
us, or have any questions concerning your rights and interests with
regard to this matter, please contact:
Robert I. Harwood, Esq. Benjamin Sachs-Michaels Harwood Feffer LLP
488 Madison Avenue New York, New York 10022 Phone Numbers:
(877) 935-7400 (212) 935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Harwood Feffer has been representing individual and
institutional investors for many years, serving as lead counsel in
numerous cases in federal and state courts. Please visit the
Harwood Feffer LLP website (http://www.hfesq.com) for more
information about the firm.
Attorney Advertising. © 2012 Harwood Feffer LLP. The law firm
responsible for this advertisement is Harwood Feffer LLP
(www.hfesq.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter.
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