Billionaire Carl Icahn intends to launch a new proxy battle to take control of Illumina’s board of directors in the wake of the company terminating its $7B deal to acquire Grail, Bloomberg’s Crystal Tse reports, citing people familiar with the matter. Icahn thinks the board should be held accountable for pursuing the transaction in the first place, and could nominate as many as seven directors for the currently 11-member board, the author notes.
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