Jay's actions clearly show that he wants $60+/sh. He also is racing against the clock with LIFE making more and more progress with their preparation kits and the accuracy improvements in Ion Proton sequencers.
Looks like more smoke and mirrors, but will Roche really bite on Jay Flatley's gambit or are they willing to take in Jonathan Rothberg along with LIFE and realize that ILMN is a flash in the pan company that they would financially write off in two years after they purchase it.
I commend Jay Flatley on being a gusty poker player. He really thinks he can outsmart a bunch of krauts.