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Illumina Faces Battle to Save Grail Deal From EU Veto

  • EU officials currently leaning toward opposing the takeover
  • Illumina has chance to offer the EU commitments by Friday
relates to Illumina Faces Battle to Save Grail Deal From EU Veto

Source: Grail Inc.

Updated on

Illumina Inc. faces a battle to save its $8 billion bid for cancer-test provider Grail from a European Union veto ahead of a Friday deadline to allay antitrust concerns.

EU officials are currently leaning toward blocking the deal by a March 4 deadline, according to people familiar with the review who asked not to be identified because a decision isn’t final. Illumina could still win over regulators by making acceptable concessions by Jan. 28.