Illumina shares are trading higher after a European court reportedly ruled that EU antitrust regulators exceeded their powers by blocking the company's bid for Grail.
Portfolio Pulse from Benzinga Newsdesk
Illumina's stock price increased following a European court decision that EU antitrust regulators overstepped their authority by obstructing Illumina's acquisition of Grail.
March 21, 2024 | 1:14 pm
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Illumina's shares rose after a favorable court ruling against EU antitrust regulators' decision to block its acquisition of Grail.
The positive court ruling is a significant legal victory for Illumina, potentially clearing a major hurdle in its acquisition of Grail. This development is likely to be viewed positively by investors, as it could enhance Illumina's market position and future growth prospects, thus driving the stock price up in the short term.
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