ILMN, Illumina Inc.
** Roche Holding Ltd. reported that it has increased its offer price for all outstanding publicly-held shares of ILMN to US$ 51.00 per share in cash. All other terms and conditions of the tender offer remain unchanged.
ILMN is a leading developer, manufacturer, and marketer of life science tools and integrated systems for the analysis of genetic variation and function. It provides 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.
ILMN's technology and products accelerate genetic analysis research and its application, paving the way for molecular medicine and ultimately transforming healthcare.
More about ILMN at www.illumina.com
RHT, Red Hat, Inc.
** On its fourth quarter fiscal 2012, RHT posted total revenue of $297.0 million, a 21% increase year over year, and GAAP EPS of $0.18, up 6% compared to the same period the prior year.
For full fiscal year 2012, RHT posted total revenue of $1.13 billion, a 25% increase year over year.
RHT also reported that its Board of Directors has authorized the repurchase of up to $300 million of RHT?s common stock from time to time on the open market or in privately negotiated transactions.
The new program begins April 1, 2012, replacing the current repurchase program that will expire on March 31, 2012. To date, approximately $214 million has been used to repurchase shares under the current program.
The timing and the amount of any repurchases of common stock will be determined by RHT management based on its evaluation of market conditions and other factors. Repurchases of common stock may be made under a Rule 10b5-1 plan, which would permit common stock to be repurchased when RHT might otherwise be precluded from doing so under insider trading laws. The repurchase program may be suspended or discontinued at any time.
The repurchase program will be funded using RHT?s working capital. As of February 29, 2012, RHT had cash and investments of approximately $1.3 billion.
RHT is the world's leading provider of open source solutions. RHT provides high-quality, affordable technology with its operating system platform, Red Hat Enterprise Linux, together with cloud, virtualization, management, storage and service-oriented architecture (SOA) solutions, including Red Hat Enterprise Virtualization and JBoss Enterprise Middleware.
More about RHT at www.redhat.com.
MDS, Midas, Inc.
** TBC Corporation reported that it has commenced the previously announced tender offer for all of the outstanding shares of common stock of MDS at a price of $11.50 per share, net to the seller in cash without interest.
The tender offer is being conducted by TBC through its wholly owned subsidiary Gearshift Merger Corp.
MDS is one of the world?s largest providers of automotive service, offering brake, maintenance, tires, exhaust, steering and suspension services at more than 2,250 franchised, licensed and company-owned Midas shops in 14 countries, including nearly 1,500 in the United States and Canada. MDS also owns the SpeeDee Oil Change business, with 161 auto service centers in the United States and Mexico.
More about MDS at www.midasinc.com
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