Ahead of ex­pect­ed EU ob­jec­tions, Il­lu­mi­na de­fends Grail ac­qui­si­tion

Ahead of ex­pect­ed ob­jec­tions by Eu­ro­pean reg­u­la­tors Wednes­day to its deal to ac­quire Grail, Il­lu­mi­na de­fend­ed it­self in pa­pers sub­mit­ted to the agen­cies Tues­day.

Il­lu­mi­na is an­tic­i­pat­ing a for­mal bloc ob­jec­tion to the $8 bil­lion Grail buy­out, it said in a brief­ing doc­u­ment for EU com­pe­ti­tion au­thor­i­ties, and tried to pre­empt the move by as­sert­ing the deal is not an­ti-com­pet­i­tive. It’s an ar­gu­ment Il­lu­mi­na has used pre­vi­ous­ly, but it’s un­clear whether or not the new brief will prove per­sua­sive.

Unlock this article instantly by becoming a free subscriber.

You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.

SIGN UP LOG IN BECOME A PREMIUM SUBSCRIBER