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Illumina | 8-K: Current report

SEC announcement · Apr 12 09:02

ILMN +2.00%

Summary by Moomoo AI

Illumina, Inc. has received formal approval from the European Commission for its divestment plan regarding GRAIL, LLC, as per the divestment order dated October 12, 2023. The approval, announced on April 12, 2024, allows Illumina to proceed with exploring options for a trade sale or a capital markets divestiture of GRAIL. In the event of a capital markets transaction, Illumina is required to provide GRAIL with approximately $1 billion in funding, which is expected to cover two-and-a-half years based on GRAIL's long-range plan. This funding will include cash from GRAIL's balance sheet. Illumina aims to finalize the divestiture terms by the end of Q2 2024. The company cautions that forward-looking statements in the announcement are subject to risks and uncertainties, and actual results may differ materially.

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This announcement is a separate document:

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