Up­dat­ed: Il­lu­mi­na's $7.1B Grail deal be­ing in­ves­ti­gat­ed by SEC

The US Se­cu­ri­ties and Ex­change Com­mis­sion is prob­ing Il­lu­mi­na’s $7.1 bil­lion buy­out of Grail, Il­lu­mi­na dis­closed in a reg­u­la­to­ry fil­ing Thurs­day af­ter­noon.

The DNA se­quenc­ing gi­ant said that it was in­formed in Ju­ly that SEC staff was seek­ing doc­u­ments and com­mu­ni­ca­tions as part of the in­ves­ti­ga­tion, in­clud­ing “cer­tain state­ments and dis­clo­sures con­cern­ing Grail, its prod­ucts and its ac­qui­si­tion, and re­lat­ed to the con­duct and com­pen­sa­tion of cer­tain mem­bers of Il­lu­mi­na and Grail man­age­ment, among oth­er things.”

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