Icahn drops threat to challenge Illumina board, Reuters reports

Activist investor Carl Icahn has dropped a threat to mount a new challenge to Illumina’s board, people familiar with the matter told Reuters’ Svea Herbst-Bayliss and David Carnevali. Icahn, who installed one of his nominees to Illumina’s board last year through a proxy contest, saw little value in a new proxy contest after Illumina took steps to comply with antitrust rulings to divest Grail, the report said, citing the sources.