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.

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