ARTICLE | Deals
Illumina-Grail drama escalates as EC argues breach of merger regulation
August 20, 2021 8:23 PM UTC
Illumina is headed to the European courts over its completed acquisition of Grail as the European Commission asserts that closing the deal has breached the bloc’s merger regulation prior to completion of its review.
Arguing that the EU review and legal process will push beyond the deal’s expiration date in December, Illumina went forward with completing its $8 billion acquisition of Grail Inc. on Wednesday, noting that the withdrawal of the U.S. Federal Trade Commission’s lawsuit provided no impediment to the deal closing...