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Illumina to spin off Grail in June

06/03/2024

Less than a minute

2024.06.03 17:47

(Reuters) – Illumina (NASDAQ:), a maker of gene sequencing machines, said on Monday it expected to spin off cancer test maker Grail.

© Reuters. A sign at the front entrance to the global headquarters of Illumina is pictured in San Diego, California, U.S., November 28, 2022. REUTERS/Mike Blake/File Photo

On June 24, shareholders of Illumina will receive one share of Grail common stock for every six shares of Illumina common stock held at the close of business on June 13, 2024.

Illumina said it would retain a 14.5% stake in Grail.

06/03/2024

Less than a minute

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