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12.04.2024 15:32:09 - dpa-AFX: Illumina's Divestment Plan For Grail Receives Approval From European Commission
SAN DIEGO (dpa-AFX) - Friday, Illumina, Inc. (ILMN) announced that its
divestment plan for Grail has received approval from the European Commission.
The method of divestment has not been finalized, but the company is exploring
options such as a trade sale or a capital markets transaction.
If a capital markets transaction is pursued, Illumina will need to provide Grail
with two-and-a-half years of funding, estimated at around $1 billion based on
Grail's long-range plan.
Illumina stated that it is eager to collaborate with the European Commission to
finalize terms in line with the divestment plan and aims to conclude these terms
by the end of the second quarter of 2024.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
divestment plan for Grail has received approval from the European Commission.
The method of divestment has not been finalized, but the company is exploring
options such as a trade sale or a capital markets transaction.
If a capital markets transaction is pursued, Illumina will need to provide Grail
with two-and-a-half years of funding, estimated at around $1 billion based on
Grail's long-range plan.
Illumina stated that it is eager to collaborate with the European Commission to
finalize terms in line with the divestment plan and aims to conclude these terms
by the end of the second quarter of 2024.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
| Name | WKN | Börse | Kurs | Datum/Zeit | Diff. | Diff. % | Geld | Brief | Erster | Schluss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
 |
ILLUMINA INC. DL-,01 | 927079 | Xetra | 111,820 | 03.05.24 17:35:32 | -4,160 | -3,59% | 0,000 | 0,000 | 115,060 | 111,820 |
