Mergers & Acquisitions Mergers & Acquisitions

Illumina sets aside $453 million for expected EU fine for closing takeover of Grail

By Nicholas Hirst
  • 11 Aug 2022 23:01
  • 11 Aug 2022 23:01
Illumina has set aside almost half a billion dollars to pay a fine from EU merger regulators for closing its acquisition of cancer-testing innovator Grail without receiving approval from the bloc.

The accrual comes after the European Commission formally accused Illumina with breaching EU law (see here), misconduct that can lead to

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