Illumina Files Action For Annulment Of EC's Decision Asserti

Illumina Files Action For Annulment Of EC's Decision Asserting Jurisdiction To Review GRAIL Deal


Illumina Files Action For Annulment Of EC's Decision Asserting Jurisdiction To Review GRAIL Deal
SAN DIEGO (dpa-AFX) - Illumina Inc. (ILMN) said that it has filed an action in the General Court of the European Union asking for annulment of the European Commission's decision asserting jurisdiction to review Illumina's acquisition of GRAIL.
The Commission asserted jurisdiction to review the acquisition under the EU Merger Regulation on April 19, 2021, seven months after the deal was announced.
'The European Commission's unprecedented and untimely decision to review this procompetitive acquisition without proper engagement with the parties leaves businesses uncertain as to how the EU Merger Regulation will be applied,' said Charles Dadswell, Senior Vice President and General Counsel for Illumina.

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