Benzinga
Why Illumina Shares Are Soaring Today?
Billionaire activist Carl Icahn is preparing a proxy fight at Illumina Inc (NASDAQ: ILMN), saying the company went ahead with the controversial acquisition of Grail Inc despite opposition from regulators, costing shareholders $50 billion. According to the letter viewed by Wall Street Journal, the activist plans to nominate three people to the company’s board. Mr. Icahn accuses Illumina of overpaying for a business that made “exactly zero dollars in revenue,” then closing the deal despite regulat