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Illumina to spin off Grail in June

Jun 3, 2024 2:57 PM

June 3 (Reuters) - Illumina ( ILMN ), a maker of gene

sequencing machines, said on Monday it expected to spin off

cancer test maker Grail.

On June 24, shareholders of Illumina ( ILMN ) will receive one share

of Grail common stock for every six shares of Illumina ( ILMN ) common

stock held at the close of business on June 13, 2024.

Illumina ( ILMN ) said it would retain a 14.5% stake in Grail.

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