SAN DIEGO--(BUSINESS WIRE)--Feb. 27, 2012--
Illumina, Inc. (NASDAQ: ILMN), a leading developer, manufacturer, and
marketer of life science tools and integrated systems for the analysis
of genetic variation and function, today issued the following statement
regarding Roche’s decision to extend its unsolicited tender offer to
acquire all outstanding shares of Illumina for $44.50 in cash per common
share:
“The extension by Roche was expected. An extremely low number of shares
have been tendered, consistent with our view – and that of our
stockholders – that Roche’s offer does not reflect Illumina’s unique
leadership position, business performance and future prospects.
“We remain focused on continuing to develop breakthrough products that
expand existing markets and create new ones. The potential of our
industry is enormous, with major new markets emerging in medical
diagnostics, reproductive health and cancer management.”
About Illumina
Illumina (www.illumina.com)
is a leading developer, manufacturer, and marketer of life science tools
and integrated systems for the analysis of genetic variation and
function. We provide innovative sequencing and array-based solutions for
genotyping, copy number variation analysis, methylation studies, gene
expression profiling, and low-multiplex analysis of DNA, RNA, and
protein. We also provide tools and services that are fueling advances in
consumer genomics and diagnostics. Our technology and products
accelerate genetic analysis research and its application, paving the way
for molecular medicine and ultimately transforming healthcare.
FORWARD-LOOKING STATEMENTS
This communication may contain statements that are forward-looking.
Forward-looking statements are subject to known and unknown risks and
uncertainties and are based on potentially inaccurate assumptions that
could cause actual results to differ materially from those expected or
implied by the forward-looking statements. Among the important factors
that could cause actual results to differ materially from those in any
forward-looking statements are (i) our ability to develop and
commercialize further our sequencing, BeadArray™, VeraCode®,
Eco™, and consumables technologies and to deploy new sequencing,
genotyping, gene expression, and diagnostics products and applications
for our technology platforms, (ii) our ability to manufacture robust
instrumentation and consumables, (iii) significant uncertainty
concerning government and academic research funding worldwide as
governments in the United States and Europe, in particular, focus on
reducing fiscal deficits while at the same time confronting slowing
economic growth, (iv) business disruptions associated with the tender
offer commenced by CKH Acquisition Corporation, a wholly owned
subsidiary of Roche Holding Ltd, and (v) other factors detailed in our
filings with the U.S. Securities and Exchange Commission (“SEC”),
including our most recent filings on Forms 10-K and 10-Q, or in
information disclosed in public conference calls, the date and time of
which are released beforehand. Illumina undertakes no obligation, and
does not intend, to update these forward-looking statements.
ADDITIONAL INFORMATION AND WHERE TO FIND IT
This communication does not constitute an offer to buy or a solicitation
of an offer to sell any securities. In response to the tender offer
commenced by CKH Acquisition Corporation, a wholly owned subsidiary of
Roche Holding Ltd, Illumina has filed a solicitation/recommendation
statement on Schedule 14D-9 with the SEC. INVESTORS AND SECURITY HOLDERS
OF ILLUMINA ARE URGED TO READ THE SOLICITATION/RECOMMENDATION STATEMENT
AND OTHER DOCUMENTS FILED WITH THE SEC (WHEN THEY BECOME AVAILABLE)
CAREFULLY IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION.
Investors and security holders will be able to obtain free copies of
these documents and other documents filed with the SEC by Illumina (when
they become available) through the web site maintained by the SEC at http://www.sec.gov.
Investors and security holders also will be able to obtain free copies
of these documents, and other documents filed with the SEC by Illumina,
from Illumina by directing a request to Illumina, Inc., Attn: Investor
Relations, Kevin Williams, MD, kwilliams@illumina.com.
In addition, Illumina has filed a preliminary proxy statement and a
WHITE proxy card with the SEC on February 17, 2012, and will file with
the SEC, and mail to security holders of Illumina, a definitive proxy
statement and WHITE proxy card. INVESTORS AND SECURITY HOLDERS OF
ILLUMINA ARE URGED TO READ THE PRELIMINARY PROXY STATEMENT, WHICH IS
AVAILABLE NOW, AND THE DEFINITIVE PROXY STATEMENT AND OTHER DOCUMENTS
FILED WITH THE SEC (WHEN THEY BECOME AVAILABLE) CAREFULLY IN THEIR
ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION. Investors and
security holders will be able to obtain free copies of the preliminary
proxy statement now, and the definitive proxy statement and other
documents filed with the SEC by Illumina (when they become available)
through the web site maintained by the SEC at http://www.sec.gov.
Investors and security holders also will be able to obtain free copies
of the preliminary proxy statement now, and the definitive proxy
statement and other documents filed with the SEC by Illumina (when they
become available), from Illumina by directing a request to Illumina,
Inc., Attn: Investor Relations, Kevin Williams, MD, kwilliams@illumina.com.
CERTAIN INFORMATION REGARDING PARTICIPANTS IN THE SOLICITATION
Illumina and certain of its directors and executive officers may be
deemed to be participants in the solicitation of proxies in connection
with Illumina’s 2012 Annual Meeting of Stockholders under the rules of
the SEC. Security holders may obtain information regarding the names,
affiliations and direct and indirect interests (by security holdings or
otherwise) of Illumina’s directors and executive officers in
(i) Illumina’s Annual Report on Form 10-K for the year ended January 2,
2011, which was filed with the SEC on February 28, 2011, and
(ii) Illumina’s preliminary proxy statement for its 2012 Annual Meeting
of Stockholders, which was filed with the SEC on February 17, 2012. To
the extent that Illumina’s directors’ and executive officers’ holdings
of Illumina’s securities have changed from the amounts printed in the
preliminary proxy statement for the 2012 Annual Meeting of Stockholders,
such changes have been or will be reflected on Statements of Changes in
Beneficial Ownership on Form 4 filed with the SEC. These documents can
be obtained free of charge from the sources indicated above. Additional
information regarding the interests of these participants in any proxy
solicitation and a description of their direct and indirect interests,
by security holdings or otherwise, will also be included in any proxy
statement and other relevant materials to be filed with the SEC when
they become available.

Source: Illumina, Inc.
Investors:
Illumina
Kevin Williams, MD
858-332-4989
or
Innisfree
M&A Incorporated
Scott Winter
212-750-5833
or
Media:
Sard
Verbinnen & Co
Matt Benson
415-618-8750
or
Sard
Verbinnen & Co
Cassandra Bujarski
310-201-2040