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Illumina, Inc. (ILMN)
After hours:
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Icahn urges Illumina to unwind Grail deal, pushes ahead on proxy fight
In his second letter to Illumina shareholders this week, Icahn wrote the "only path forward is for Grail to be divested". Illumina said on Monday it will divest Grail, which it purchased in 2021, if it loses its appeal to the European Commission where regulators said last year they intend to require Illumina to unwind the $7.1 billion takeover. Icahn, who owns 1.4% of Illumina, launched a proxy fight earlier this week and is seeking three board seats at the company after weeks of private discussions with Illumina sputtered.
