EC approves Illumina's GRAIL divestment plan; $1B funding requirement for capital markets option

ILLUMINA, INC.

European Commission formally approved Illumina's Divestment Plan for GRAIL, LLC, per October 2023 divestment order.
Illumina may concurrently pursue a trade sale or a capital markets divestiture.
Capital markets transaction requires Illumina to capitalize GRAIL with ~$1B for 2.5 years of funding (includes GRAIL's cash).
Illumina reaffirms goal to finalize divestiture terms by end of Q2 2024.

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