EU Regulators Temporarily Pause Illumina, Grail Deal Investigation

by Vandana Singh, Benzinga Editor

August 12, 2021 3:21 PM | 1 min read | Make a Comment

The European Commission has temporarily suspended the provisional deadline for its investigation into Illumina Inc's ILMN plans to buy Grail Inc, adding uncertainty to whether regulators will wrap up before the deal expires.
As first reported by Reuters, the Commission is waiting on Illumina to fulfill a data request.
The original Commission investigation deadline was November 29. A new deadline will be announced after receiving the required information.
Illumina and Grail's merger agreement expires in September, but the companies have an option to extend that deadline to December 20, 2021.
Price Action: ILMN shares are up 1.27% at $509.16 during the market session on the last check Thursday.