Updated: Illumina’s $7.1B Grail deal being investigated by SEC

The US Se­cu­ri­ties and Ex­change Com­mis­sion is prob­ing Il­lu­mi­na’s $7.1 bil­lion buy­out of Grail, Il­lu­mi­na dis­closed in a reg­u­la­to­ry fil­ing Thurs­day af­ter­noon.

The DNA se­quenc­ing gi­ant said that it was in­formed in Ju­ly that the SEC staff was seek­ing doc­u­ments and com­mu­ni­ca­tions as part of the in­ves­ti­ga­tion, in­clud­ing “cer­tain state­ments and dis­clo­sures con­cern­ing Grail, its prod­ucts and its ac­qui­si­tion, and re­lat­ed to the con­duct and com­pen­sa­tion of cer­tain mem­bers of Il­lu­mi­na and Grail man­age­ment, among oth­er things.”

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