Illumina Acquisition of GRAIL: A Challenging Story That Boosted ILMN’s Stock Price

Illumina Acquisition of GRAIL

  • On September 21, 2020, Illumina and GRAIL Inc. announced that they entered into a definitive agreement under which Illumina will acquire GRAIL for cash and stock consideration of $8 billion, upon closing of the transaction.
  • On March 31, 2021, Illumina announced that it disagrees with, and will oppose, the U.S. Federal Trade Commission's (FTC) challenge to its previously announced acquisition of GRAIL. Illumina stated that it will pursue its right to proceed with the transaction; the impact of which would accelerate the adoption of . . .
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