San Diego's Illumina Jumps on Report of Thermo Fisher Scientific $30 Billion Offer
Illumina Inc. rose as much as 8 percent to its highest level since January after a report that Thermo Fisher Scientific Inc. made a $30 billion offer for the maker of gene-sequencing equipment.
The all-stock offer doesn’t include a cash component, StreetInsider.com reported, citing an unnamed person with knowledge of the matter. San Diego-based Illumina rose 5.3 percent to $178.03 at 11:11 a.m. in New York. Waltham, Massachusetts-based Thermo Fisher fell less than 1 percent to $153.63.
The all-stock offer doesn’t include a cash component, StreetInsider.com reported, citing an unnamed person with knowledge of the matter. San Diego-based Illumina rose 5.3 percent to $178.03 at 11:11 a.m. in New York. Waltham, Massachusetts-based Thermo Fisher fell less than 1 percent to $153.63.