Clayton Antitrust Act of 1914

INVESTOR ALERT. An Investor Investigation Is Underway Regarding Illumina’s Closing of Its GRAIL Acquisition Without Obtaining EU Approval

Retrieved on: 
Monday, August 23, 2021
European Commission, Royal commission, Clayton Antitrust Act of 1914, European, Acquisition, Commission, GLOBE, SEC, Policy, GRAIL, FTC, Person, Telephone, NASDAQ, SAN, Illumina, Inc., Online gambling

You are hereby notified that Bottini & Bottini, Inc. is investigating potential claims on behalf of Illumina shareholders relating to Illuminas acquisition of GRAIL, Inc. (the Acquisition) without approval by the European Commission.

Key Points: 
  • You are hereby notified that Bottini & Bottini, Inc. is investigating potential claims on behalf of Illumina shareholders relating to Illuminas acquisition of GRAIL, Inc. (the Acquisition) without approval by the European Commission.
  • In addition, on March 30, 2021, the U.S. Federal Trade Commission filed an administrative complaint alleging that the Acquisition violates Section 7 of the Clayton Act.
  • Executive Vice-President Margrethe Vestager, in charge of EU competition policy, said: "We deeply regret Illumina's decision to complete its acquisition of GRAIL, while our investigation into the transaction is still ongoing.
  • Under our ex-ante merger control regime companies must wait for our approval before a transaction can go ahead.