Shares of Illumina Inc. were up about 8% in premarket trading on Monday after the Wall Street Journal reported Sunday that Carl Icahn is planning a proxy...
Shares of Illumina Inc. ILMN were up about 8% in premarket trading on Monday after the Wall Street Journal reported Sunday that Carl Icahn is planning a proxy fight. The billionaire activist reportedly believes that the company’s $7.1 billion acquisition of cancer-test maker Grail cost shareholders $50 billion. Regulators in the U.S. and Europe have attempted to block the deal. Icahn plans to nominate three people to the Illumina board on Monday, the Journal reported.
... Shares of Illumina Inc. ILMN were up about 8% in premarket trading on Monday after the Wall Street Journal reported Sunday that Carl Icahn is planning a proxy fight. The billionaire activist reportedly believes that the company’s $7.1 billion acquisition of cancer-test maker Grail cost shareholders $50 billion. Regulators in the U.S. and Europe have attempted to block the deal. Icahn plans to nominate three people to the Illumina board on Monday, the Journal reported.
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WSJ News Exclusive | Carl Icahn Prepares for Proxy Fight at IlluminaCarl Icahn is preparing a proxy fight at Illumina, arguing the biotechnology company cost its shareholders roughly $50 billion by plowing ahead with a risky acquisition despite opposition from regulators
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