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Icahn’t Believe It Isn’t Over: Investor Sues Illumina

 
• By Barnaby Pickering

Carl Icahn has stepped up his attempts to take control of Illumina. This time the legendary corporate raider is demanding certain board members cover the costs of the failed Grail acquisition.

money and gavel

Investor and corporate raider Carl Icahn is continuing his quest for control at Illumina, having filed a sealed lawsuit at Delaware’s Chancery Court on 17 October. 

Icahn wants to remove several members of Illumina’s current board of directors and force them to pay the costs related to the unravelling of the ill-fated Illumina-Grail merger....

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