Activist investor Carl Icahn is preparing a proxy fight at Illumina Inc , arguing that the life science maker's acquisition of Grail Inc cost its shareholders roughly $50 billion, the Wall Street Journal reported on Sunday.
of cancer-detection test maker Grail in August 2021, without securing regulatory approval from the European Union. The European Commission ordered Illumina in December to unwind the deal, three months after it had blocked the merger on concerns the deal would stifle innovation.
Icahn plans to nominate three people to Illumina's board, the WSJ report said, citing a letter the billionaire plans to send to the shareholders on Monday. "We are convinced that at least three shareholder representatives are needed on Illumina's board to attempt to put an end to this insanity now before the reckless decision making escalates into a no-return situation," Icahn wrote in the letter, according to the WSJ.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
WSJ News Exclusive | Carl Icahn Prepares for Proxy Fight at IlluminaCarl Icahn is preparing a proxy fight at Illumina, arguing the biotechnology company cost its shareholders roughly $50 billion by plowing ahead with a risky acquisition despite opposition from regulators
Les mer »
Carl Icahn quotes about trading stocks, bad bosses, activist investingCarl Icahn warned against trading stocks, railed against bad bosses, and revealed what drives him in a recent documentary. Here are his 12 best quotes.
Les mer »
Special interests have given $80M to Carl Heastie — hoping it’ll ‘pay off’New York State Assembly Speaker Carl Heastie has racked up a beefy resume of going to bat for his biggest financial backers.
Les mer »
Upcoming job cuts at Meta to be roughly the same magnitude as last year's - WSJ By Investing.comUpcoming job cuts at Meta to be roughly the same magnitude as last year's - WSJ
Les mer »
Saudi sovereign wealth fund close to deal for Boeing jets, WSJ reportsSaudi Arabia's Public Investment Fund (PIF) is close to a deal for Boeing Co. commercial jets for the fleet of a new national airline, the Wall Street Journal reported on Saturday, citing people familiar with the matter.
Les mer »