Illumina rises after acquiring Fluent BioSciences
** Shares of gene-sequencing equipment maker Illumina ILMN.O rise 4.15% to $111.11 premarket
** Company late on Tuesday said it has acquired privately held Fluent BioSciences, which offers single-cell sequencing sample prep kits
** Financial terms of the deal were not disclosed
** Shares of rival 10x Genomics TXG.O down 15.62% at $15.40 before the bell
** For single-cell leader TXG, the deal creates a stronger competitor - TD Cowen
** The acquisition will be viewed positively by ILMN investors as the company appears to be changing its strategy under new management to compete more effectively in lifescience tools - brokerage Leerink Partners
** Brokerage Citigroup upgrades rating on ILMN to "buy" from "neutral"
** Up to last close, ILMN down ~21%, TXG down ~68% YTD
Reporting by Sriparna Roy in Bengaluru
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